PetroTal announced that this year it will invest S/520 million (US$120 million) for its projects in Peru and increase its production goal from 21,000 to 23,000 barrels of oil per day (bopd).
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The company will allocate US$55 million of the total for drilling and conditioning activities, which include the execution of four development wells in the Brittany Field of Lot 95, and in the Los Ángeles field of Lot 131. The latter will be carried out by Ucaya Energy.
For this reason, they are in negotiations with Perupetro to allow them to drill wells in Los Angeles and increase the production of Lot 131 to more than 4,000 bopd.
Meanwhile, US$60 million will be for the development of infrastructure in the Brittany field, the country’s largest crude oil producer, with the aim of facilitating its expansion. Additionally, US$36.5 million (approximately S/136 million) will be allocated to erosion control in Brittany, capital of the Puinahua district, where this field is located.
“It is necessary that the modification of the environmental impact study presented by PetroTal Perú be approved in the short term to allow these investments, boost production growth, as well as the canon and the social fund,” said the company’s general manager. Peru Guillermo Flórez.
In the area of exploration, US$4 million will be allocated to obtain permits and build a road to Lot 107, operated jointly by PetroTal Perú and Petrolína Petroleum, after extending the period for the development of the exploratory program in the Osheki-Kametza prospect.
Finally, the corporation, through Ucawa Energy, plans to begin exploration in blocks XCVII and XCVIII, located in the vicinity of Lot 131.
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