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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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LivinginPeru.com
Isabel Guerra

Cashiriari natural gas field (Block 88 of Camisea) will start to produce by the end of 2009, led by Camisea consortium.

Cashiriari, one of the largest reserves of this hydrocarbon, is located 400 kilometers southeast of Lima, in the district of Echarate, province of La Convencion, in Cusco region.

Its reserves have been estimated in 8.8 trillion cubic feet, and experts consider that production per gas well in Cashiriari could amount to 100 and 120 million cubic feet natural gas per day.

Mipaya natural gas field, located in Block 56 of Camisea and discovered in 1987, will begin to produce in 2010 or 2011.

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LivinginPeru.com
Isabel Guerra

Pluspetrol, leader of Camisea Consortium, reported that the investment in Camisea natural gas project does not stop and will amount to US$ 3.016 billion in 2013.

“Investments for Camisea project have always been dynamic, and we believe they will reach over US$ 3.016 billion from 2001 to 2013,” said Roberto Ramallo, Pluspetrol Executive Manager.

This will allow an increase in the processing capacity of 30%.

He said that the consortium invested US$ 870 million (between 2001 and 2004) in the development of San Martin field, located in Block 88, in order to reach a production capacity of 440 million cubic feet per day.

The consortium plans to start working in Cashiriari soon.

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LivinginPeru.com
Isabel Guerra

According to Andina, Camisea consortium is performing extension works in its plants in Malvinas (Cusco) and Pisco (Ica), with an investment of US$ 380 million.

This will allow to increase its processing capacity by 30% with 1,220 million cubic feet per day, Pluspetrol reported Friday.

With these extension works, Camisea will process 1,580 million cubic feet of natural gas per day and 110,000 barrels of associated liquid for 2012.

“This is an important milestone in sustainable growth since the beginning of operations in 2004,” said Roberto Ramallo, Pluspetrol Executive Manager.

He pointed out that the the maximum potential volumes of original gas in place is about 18 trillion cubic feet.

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LivinginPeru.com
Isabel Guerra

Peru’s silver production would increase 3% this year, totaling 3.800 metric tons (MT), according to data from the National Society of Mining, Petroleum and Energy (SNMPE).

Reportedly, the top silver-producing companies in Peru are Volcan Compañía Minera, Compañía de Minas Buenaventura, Compañía Minera Antamina, Compañía Minera Ares, Pan American Silver, Sociedad Minera El Brocal and Empresa Minera Los Quenuales

During last year (2008), Peru produced 3.685 metric tons of silver, a 5.27% increase compared to 2007 (3.501 MT).

The world’s largest producers of silver are Peru (3.685 MT), Mexico (3.241 MT), China (2.575 MT), Australia (1.925 MT) and Chile (1.397 MT).

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Andina

Pan Andean Resources PLC said that its partner and operator on the Peruvian Blocks 131 and 114 in the Ucayali jungle, Spanish major CEPSA, has now moved Block 131 to the second phase of exploration activities.

This 18 month period begins in July 2009, and requires the acquisition, processing and interpreting  of 300 kilometres of 2D seismic. 

The Peruvian authorities have been notified.

In Block 114, the previously announced decision by CEPSA to acquire 200 kilometres of 2D seismic is now being implemented. Canadian contractor SAE is now mobilising in the Tamaya area in the north-east of Peruvian Block 114.

Pan Andean expects the seismic acquisition to be completed within two months.

Following acquisition, the seismic data will be processed and interpreted, with the objective of selecting drill targets.

Pan Andean holds a 30 percent interest in both blocks and is fully carried in all expenditure through the first well and for 50 percent of a second well.

Managing director David Horgan said: “This is excellent progress by CEPSA on both our joint blocks. The potential of Block 114 is recognised by the speedy decision of CEPSA to move quickly to acquire detailed seismic on a small area of the block.

“We are delighted that the CEPSA review of data on Block 131 supports the view of Pan Andean that the Block has high potential,” he added.

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Andina

The Energy & Mines Ministry (MEM) is creating a bill in order to promote the efficient use of electricity in the national domestic sector, the Vice Minister of Energy Daniel Camac reported Monday.

“The goal is to promote the efficient use of electricity in order to inform domestic consumers that if they use energy in a proper way, they will pay lower prices,” he said.

The Ministry is focused to design a signal rate, so consumers in Peru can be oriented to use electricity in hours where energy is cheaper.

Camac said they are evaluating several options, such as to apply to residential customers the same method used with free customers (large consumers), in other words, more expensive electricity tariff at peak hours.

“Today, electricity consumption in the residential sector is very high, especially between 18:00 hours (23:00 GMT) and 21:00 hours”. “Industrial sector is a regulated sector, but everyone must have the tendency to divert its consumption to non-rush hours,” he added.

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LivinginPeru.com
Isabel Guerra

According to Peru’s Ministry of Energy and Mines (MEM), 290 million soles (about 97 million dollars) will be invested in electrification works, which will benefit 280,000 people in twelve Peruvian regions.

According to Fernando Rossinelli, General director of Rural Electrification, this is part of Economic Stimulus Plan, and will include 9 projects in Huanuco Region (which will require an investment of 86 million soles) and 11 other projects worth 39 million soles.

There are 11 other projects (third group) under bidding process worth 93 million soles, and MEM will launch a tender offer for the fourth package of rural electrification works (worth 70 million soles) this year.

Works will benefit regions of Amazonas, Ancash, Ayacucho, Cajamarca, Huancavelica, Huanuco, Lambayeque, La Libertad, Junín, Pasco, Piura and San Martín.

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LivinginPeru.com
Isabel Guerra

Peru's Ministry of Energy and Mining (MEM) has granted a concession to Electro Oriente, company that will work in the generation of electricity in the Hydroelectric Central Naranjos II, which will be located in the jungle region of San Martin, reports today local newspaper La Republica.

This future hydroelectric central, which will have an output of 6.4 megawatts (MW), will be built in the district of Pardo Miguel, in Rioja (San Martin).

According to El Peruano official gazette, Electro Oriente has been given 20 months to build and put in operation this hydroelectric central.

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LivinginPeru.com
Isabel Guerra

The Ministry of Energy and Mines (MEM) ensured that there would be no problems with the electricity supply this year.

The Deputy Minister of Energy, Daniel Camac, said that nationwide users will not have to deal with power supply interruptions due to lack of natural gas or to low water storage for hydroelectric centrals, since the emergency plans take these variables into account.

He said that according to the hydrological indicators, a dry period is expected for the month of May.

However, appropriate measures have already been taken to reduce any risk of interruptions of the electricity supply.

He also commented that the demand would fluctuate this year between five and six percent, less than that reported in 2008, that would have closed at 8.5 percent.

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