Peru is hosting several exploration programs in early 1999, while the start-up of Aguaytia field buoyed the country's production in 1998.
In offshore action, Perupetro expects Repsol SA to begin drilling two exploration wells by mid-1999 on Block Z-29 in the Trujillo and Sechura-Salaverry basins (see map, OGJ, Dec. 7, 1998, p. 87). Repsol and partners Braspetro, Ranger Oil, and YPF of Argentina have requested an expansion of the block Z-29.
A group led by Pangaea Energy, Calgary, is considering whether to drill a second wildcat on Ucayali basin Block 71. It plugged its first wildcat, on the Shahuinto structure, in November.
Pangaea is the operator in association with ...