By an OGJ correspondent
LIMA, Mar. 28 -- Pluspetrol Norte, a unit of Argentine independent Pluspetrol SA and operator of oil fields on Peru's northern jungle Blocks 1AB and 8, has obtained a $75 million loan from Credit Suisse First Boston. Pluspetrol Norte holds 100% of Block 1AB and 60% of Block 8.
As these funds come in to finance Pluspetrol Norte's operations, it will free funds for the Camisea natural gas fields where Pluspetrol Peru Corp. SA is the upstream operator on Block 88.
Meanwhile Parker Drilling Co. is drilling its third Camisea well, San Martin 1002, currently down to 2,790 m with a drilling target of 3,400 m, following the San Martin wells 1001 and 1004.
All construction material has arrived at the upstream site, including compressors, on which work has begun, and units for the erection of the cryogenic plant.