CNPC Likely Has 3-4 TCF Reserves in Peru Block 58

Source: Reuters 10/18/2016, Location: South America

China National Petroleum Corporation Corp likely has 3-4 trillion cubic feet of proven natural gas reserves in an energy block it operates in southern Peru, Peru's president said.

CNPC bought the rights to explore Block 58 in Peru's southern Amazon from Petrobras in 2014. The block then had proven reserves of about 2 TCF.

"The block that CNPC has, will soon be declared viable with three to four trillion in proven reserves of gas," Peruvian President Pedro Pablo Kuczynski said in a speech at an energy event.

Peru's energy and mines minister has previously said that Block 58 likely has "important reserves" that would help ease concerns over whether a $5 billion natural gas pipeline being built in the region will find enough demand.

The government expects the company to make a detailed announcement next month when Chinese officials visit Peru.


Brazil >>  3/19/2021 - Siemens Energy was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and envi...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.