PetroTal plans $100 million investment in Block 95, Peru
PetroTal has developed a plan to accelerate production growth in 2024 by 20% to 17,000 b/d.
This year, the company will invest in development of Block 95 in the Loreto region of Peru. The work scope includes drilling and commissioning three new horizontal wells in North Bretaña field in the Puinahua district and improvement and development of the block’s infrastructure.
Among PetroTal's planned 2024 projects are the development of a seismic campaign south of the Bretaña reservoir and establishment of two new routes for production: one towards the port of Bayóvar through Yurimaguas and another via the Heavy Crude Oil Pipeline (OCP) in Ecuador.
Already in production at an average 7,500 b/d is the company’s first well drilled on the L2 West platform, 16H.
Camilo Ciruzzi | South America Correspondent
Ciruzzi is a journalist based in the Argentine province of Río Negro. He has over 30 years of experience in radio and print media. Ciruzzi studied Communication Sciences at the University of Buenos Aires and specialized in energy, political economy, and finance.