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February 2, 2023
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Loreto: Petrotal announces increase in reserves in Block 95

Loreto: PetroTal will invest S/475 million in Block 95 this year

The PetroTal company announced the increase in the oil reserves of the which operates in Loreto, according to a study by the certifying company Netherland, Sewell & Associates (NSAI) at the end of 2022.

In this way, proven reserves increased by 21%, compared to January 31, 2021, and are estimated at 45.5 million barrels of oil or its equivalent (MMBOE).

If the proven ones plus the probable ones are taken into account, the increase has been 24% and they add up to 96.7 MMBOE.

“Proven plus probable plus possible reserves grew by 14%, which is reflected in a total of 168 MMBOE,” PetroTal said.

The general manager of the company, Luis Pantoja, stated that growth has been observed in the Bretaña Norte field of Block 95.

“Our objective is to continue investing and developing projects in Loreto to value the reserves of Block 95 and increase our production in an efficient and sustainable way, while we continue working as allies for the development of the region,” he assured.

On the other hand, the operation of the Talara Refinery (Petroperú) begins tomorrow. This project required an investment of more than US$5 billion.

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