Peru greenlights US$480mn drill campaign

Monday, February 27, 2017

Peruvian environmental authorities approved a drill campaign planned for acreage in the central Amazon that will cost approximately US$480mn.

The 28-month project belongs to Petrolífera Petroleum, which plans to spud up to eight exploration and confirmation wells in exploration block 107 locations Osheki and Kametza.

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The junior operator filed the semi-detailed EIS with the energy and mines ministry's energy environmental affairs office (DGAAE) in 2014.

Approval does not constitute the granting of other authorizations or permits that the company must secure, according to the DGAAE approval resolution.

In Peru, Petrolífera also holds exploration block 133.