Peru to further define hydrocarbons basins' potential

By
Thursday, April 30, 2015

Geological and geophysical field work is scheduled to begin mid-year in Peru to better understand the hydrocarbons potential of nearshore/coastal basins.

BNamericas has learned that hydrocarbons licensing authority Perupetro will hire a specialized consultant in coming weeks for the work that will target basins Trujillo, Salaverry, Pisco and Lima.

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The studies will take around three months and results will be used to prepare new E&P rounds.

Initial blocks in the basins due to be offered are Z-50 (Lima); Z-53, Z-54 and Z-55 (Lima, Pisco); and Z-56 and Z-57 (Salaverry, Trujillo).

An E&P licensing round is underway for seven onshore blocks.

INCREASING OVERSIGHT

As part of efforts to strengthen environmental oversight, in particular of the energy sector, the environment ministry announced it signed a framework inter-institutional cooperation agreement with Cusco's regional government.

Under the deal, the ministry will provide technical assistance and training to regional authorities.

Cusco is home to the country's flagship hydrocarbon development Camisea. Other energy projects in the region include the Sur Peruano gas pipeline, the Kepashiato LPG plant, blocks 57 and 58, and 200MW natural gas-fired power plant Quillabamba.

Also from Peru, the government authorized Perupetro and Petrolífera Petroleum del Perú to sign a modification to the latter's block 107 E&P contract. The change extends the exploration period by three years.