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Perenco in Peru
Perenco holds a 100% interest in the license contract for Block 67 in the Maranon Basin. To date, three discoveries have been made in Block 67: the Paiche, Dorado and Pirana fields. In addition, several exploration prospects have been identified and are in their evaluation phase.
Once development is completed, it is estimated that these fields will have the potential to produce over 60,000 barrels of oil per day. The development plan includes the drilling of approximately 175 directional wells from 18 platforms, the construction of processing facilities and the installation of buried pipelines. Production will enter the existing main Oleoducto Nor Peruano pipeline at Andoas which is 200 km from Block 67. The existing Oleoducto Nor Peruano pipeline runs to the Bayovar terminal, located 1000km from Block 67 on the Pacific coast.
Perenco is also actively participating in an exploration programme in the region, as well as acquiring seismic on nearby Block 121. The objective of this exploration programme is to add to the proven reserve base of the discovered fields. The reserves potential of the area is estimated at 300 millions barrels.
In April 2009, the development of Block 67 was declared a project of national necessity and interest.
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