Perupetro to revive offshore bid rounds

Click here to enlarge imagePeru's state oil agency Perupetro released a generalized timetable starting in early 2001 of licensing rounds for offshore blocks left pending since 1999.Perupetro Pres. Rafael Samaniego said that following a reassessment of the previous geological model for a "floor fan complex," companies will be looking for giant fields in deeper waters off Peru's coast (OGJ, Sept. 7, 1998, p. 117).Blocks Z-4, Z-5, Z-6 and Z-7 off Peru's north coast are to be included in the first round. It will also include a neighboring block with acreage released by Petrotech International Corp., Houston, in accordance with the company's production contract that has compl...

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