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Mining/Energy | 26 June, 2009 [ 16:27 ]

Peru: Perenco to start exploration in block 67


LivinginPeru.com
Isabel Guerra

Peru's Ministry of Energy and Mines (MEM) has approved the Environmental Impact Assessment (EIA) submitted by Perenco for the construction of seven platforms and drilling of 14 wells in Block 67 (in Loreto).

Perenco estimated that the Block 67 reserve potential is 300 million barrels of heavy crude oil.

The project’s direct influence area corresponds to the territory vacated in the community of Buena Vista, in the district of Napo, Maynas province, Loreto region.

The investment for the construction of seven platforms and drilling of 14 wells amount to 184.80 million dollars.  

Perenco plans to invest more than 2 billion dollars in the heavy crude exploration and exploitation works in Block 67.

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