Peru says block 192 study ready in September

Wednesday, July 27, 2016

Schlumberger will submit a study regarding potential contracting options for Peru block 192 (pictured) in September, according to Rafael Zoeger, head of hydrocarbons licensing authority Perupetro.

The government agency awarded the oil services giant the consultancy contract in March.

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Pacific Stratus Energy operates the Amazon acreage in Loreto region under a temporary contract that expires August 2017 in partnership with state oil company Petroperú. A law was published last year that opened the door for the NOC to operate the block.

Petroperú will have two months to decide whether to take on the block. If it does not take it on, Perupetro would issue a call to operate the area, state news agency Andina quoted Zoeger as saying.

Zoeger added that Pacific Stratus Energy's contract will probably be extended to December 2017 due to force majeure as a result of suspended operations of the Norperuano oil pipeline.

Also from Peru's upstream sector, the energy and mines ministry's energy environmental affairs department (DGAAE) issued a non-favorable opinion of the executive summary of the semi-detailed EIS submitted by Cepsa for a project to drill 16 confirmation wells at block 131.

Among DGAAE's reasons for not accepting the summary were the need for greater clarity regarding activities and a lack of illustrations of infrastructure related to drilling equipment.

Cepsa may submit a new executive summary for the US$70mn, 56-month drill campaign in Huánuco region.