The American company, Chevron, announced that it has entered the oil exploration sector in the northern part of the Peruvian Sea by acquiring participation in three blocks located in the promising Trujillo basin.
Chevron Peru Exploration Limited Peruvian branch, a Total Property subsidiary of Chevron, finalized an agreement with Anadarko Peru Limited, to acquire a non-operational participation of 35 % in blocks Z-61, Z-62 and Z-63, in a transaction that received all the required regulatory approvals.
For its part, Anadarko will continue to be the operator of the blocks, maintaining a 35%participation. Westlawn Peru Sac, an affiliate from Westlawn Americas offshore LLC, also acquired a 30% participation in the blocks.
“With this agreement, we continue to expand our exploration portfolio with high quality opportunities, aligned with our strategy,” said Liz Schwarze, Vice President of Exploration of Chevron.
“We are excited to enter the promising Trujillo Cuenca in Peru and to work with our business partners and government authorities,” said Patricia Pradal, president of Chevron for exploration in South America.
The American company has maintained a diverse presence in exploration and production in Latin America for more than 100 years and continues to evaluate opportunities throughout the region.
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