Shell-Mobil still committed to exploring near Camisea fields

Despite their withdrawal from Peru's Camisea gas fields megaproject last year, units of Royal Dutch/Shell and Mobil Corp. remain committed to exploring acreage adjoining the Camisea block.Shell Prospecting & Development Peru BV and Mobil Exploration & Producing Peru Inc. late last month notified Perupetro SA, Peru's state petroleum agency, that it will continue exploring Block 75 neighboring the Camisea natural gas fields.Shell-Mobil withdrew from the Camisea fields in July 1998 after failing to reach agreement with the government for their development. It had at the time, however, begun drilling an exploration well under a separate contract with Perupetro on Block 75 in the Ucaya...

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