Savia to invest US $120 million in oil exploration in Peru

Isabel Guerra

Savia to invest US $120 million in oil exploration in PeruThe Peruvian branches of Colombian Ecopetrol and Korean KNOC will invest US $120 million in the exploration of two hydrocarbons bloc in the central coast of Peru, reports the Peruvian government.

The investment in blocs Z-51 and Z-52, located in the sea, in front of the coast of Huaura, Huaral and Lima, will be made through SAVIA Perú , firm owned by Ecopetrol and KNOC.

“We estimate an investment of US $120 million by SAVIA Peru during the exploration of both blocs,” states PeruPetro in a press release.

The Peruvian government is encouraging hydrocarbon explorations, in a bet to become an energy exporting country and to meet internal demand, amidst its economic growth.

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