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Peruvian environmental authorities received documents for a hydrocarbons exploratory project in the central highlands and Amazon.
The area covers 309,309ha in regions Huánuco, Ucayali and Pasco.
The company has budgeted US$54mn to acquire 1,232km 2D seismic. The other component envisions construction of three platforms, each capable of drilling up to four exploratory/confirmation wells.
The estimated cost of one well/location is US$50mn and US$185mn for four wells/location.