Grana y Montero S.A.A. a leading Engineering and Construction company, has been awarded the “Buena Pro” of the license contracts for 30 years for Block III and IV of Perupetro located in the Talara basin, in the region of Piura.
The technical economic offer, with which they were determined winners, commits them to drill 230 development wells in Block III and 330 development wells in Block IV in a period of 10 years, representing an estimated total investment of US$ 560 million for both blocks.
The start of operations of both blocks is scheduled for April 2015, when a production of around 1,700 barrels per day is expected; while the commitment to begin drilling becomes effective one year after the start of operations.
