Company Profile

Petrel Energy Limited (Petrel Energy)

Get all the information about Petrel Energy Limited (Petrel Energy), a company operating mainly in the Oil & Gas sector. Connect with its key contacts, projects, shareholders, related news and more. The company has operations in Australia, which include Shale Oil, Onshore, Crude oil, Subsea, Natural Gas, Shale gas , Upstream Company, Heavy oil, Geological mapping / Surveys, Oil sands, Upstream, Shallow waters, Drilling rigs, Offshore, Coalbed methane, Location, NYMEX Light Sweet Crude, Brent, WTI, Deepwater, Type of hydrocarbons, Tight gas andMexican Mix. Write to us at info@bnamericas.com or call us at +56 (2) 29410300 to schedule a demonstration of our platform.

Description:

Petrel Energy Limitted is an australian company engaged in the development and production of oil projects located in Uruguay, Spain and Canada. The company holds a 25% interest in Schuepbach Energy International, LLC (SEI), a private US company with exploration concessions in Spain and Uruguay. In the Latin American country, Petrel has interests in the Piedra Sola and Salto projects, which covers some 14,000km2 at the Norte basin, where there is the potential to host large conventional and unconventional oil resources. In December 2013, Petrel exercised its first option with SEI to increase its stake in the Norte basin project to 51% from 25% for US$5.5mn. Petrel holds a second option to raise its control to 60% for an additional US$6mn. Independent oil and gas consulting firm Netherland, Sewell & Associates (NSAI) estimated an unrisked gross prospective resource of up to 1.768Bb of oil (up to 902Mb net to Petrel) in Salto and Piedra Sola.

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