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

0
LivinginPeru.com
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.

Have news you’d like to see in LivinginPeru.com? Contribute an article, whether it’s translated or based on your own reporting. Contact editor@livinginperu.com.

Comments

comments