News listings
Bayphase Oct 2017

energy-pedia licensing

Peru flagPeru

South America / GoM >>> Peru

Peru: Anadarko to invest $200 million in Peruvian oil area - Peru's president


10 Oct 2017

Photo - see caption

Anadarko Petroleum will invest some $200 million to develop an offshore oil area near Peru’s northern coast, Peruvian President Pedro Pablo Kuczynski said on Monday.

Kuczynski and company executives signed three exploration and drilling agreements with state oil agency Perupetro in blocks Z-61, Z-62 and Z-63 in the Pacific Ocean adjacent to the Lambayeque and La Libertad regions.

'It’s important that Anadarko has chosen to come to Peru, to an area as vigorous as the northern region,' Kuczynski said. 'These are deep waters of 1,000 metres (3,280 feet) where it is very difficult to work,' Kuczynski said in a speech after signing the contracts.

Peru is trying to increase oil output, which has fallen to about 40,000 barrels of crude a day, about a third of what it produced in the 1970s, as investment lagged.

In May, the government said state-run China National Petroleum Corporation (CNPC) would invest some $2 billion in an oil and natural gas block in a jungle region in southern Peru.

Original article link

Source: Reuters





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1661
Completed deals: 4689

Company Profiles

Current Company Profiles: 2521

Corporate Activity

Current Corporate Activity articles: 2945

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1184

Geostudies

Current Geostudies articles: 521

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

RSK Logo 149
Rose & Assocs 149
energy365
Union Jack Oil 149
KL Publishing
count geophysics
EP Consult Energies
Government of South Australia
Lynx Information Systems
SLR Consulting logo
Bayphase
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com