CNPC proposes overhaul of Peru upstream acreage development

China National Petroleum (CNPC) plans to modify production facilities for the development of Peru block 58.

In a supporting technical report (ITS) filed with the environmental certification service for sustainable investments (Senace), the company highlights “restriction of capacity in the natural gas transportation system (TgP), after processing, in addition to the rethinking of commercial agreements, making it necessary to modify the production profile.”

The operator now envisions initial output of 60Mf3/d before rising to up to 260Mf3/d for the Urubamba location, from the original 360Mf3/d.

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An ITS is filed when modifications to a project with environmental approval are not expected to cause a significant environmental impact.

CNPC said the change makes it more convenient to send the gas for processing to a third party instead of building its own plant.

The 465-page ITS project description is in the Documents box in the top-right corner of the screen.

Block 58 covers 340,134ha in Cusco and is near to Peru’s principal gas producers, blocks 56, 57 and 88, with first gas penciled in for 2026.