PERU OFFSHORE-1: Tumbes-Talara blocks off Peru may signal deepwater play in turbidites

02/12/2001
Recent modeling of geological factors indicates that Peru's offshore blocks have similar characteristics and similarity in basin generation as the Angola or California-type borderland basins that place those areas among the world's top basins in terms of discovered reserves.An exploration investment, if committed, in blocks Z5 and Z4 in the Tumbes-Talara area could signal a new play in offshore Peru. The blocks offer good indications of geological models of deepwater deposits in a turbidite environment, making viable the discovery of giant oil reservoirs.The blocks are located off Peru's northwestern coast, with Block Z5 north of Block Z4. The border with Ecuador lies north of...
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