Chile seeks partners for 21 mature fields

Click here to enlarge imageChilean national oil firm Empresa Nacional del Petróleo (ENAP) is seeking joint venture partners to help it reactivate mature oil and gas fields in the Magallanes basin, also known as the Austral basin.ENAP is seeking to form strategic partnerships for the purpose of increasing, and in some cases restarting, production from these aging fields. The fields are Chile's largest. ENAP is hoping that an influx of new technology will help it increase Chile's oil production and reduce the need for imports. The country now produces only a small fraction of the crude needs of its three refineries, which have a combined capacity of 205,000 b/d.The fields o...

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