By OGJ editors
HOUSTON, Oct. 14 -- CEPSA Peru SA started a 2D seismic shoot in 2.4 million acre Block 127 in Peru's Maranon basin.
The company will collect 255 line-km and 135 line-km in the northeastern and southeastern parts of the block, respectively. An exploratory drilling likely will be made in first quarter 2010.
The closest part of the seismic program is 6 km west of 10-million-bbl Chambire Este oil field, which is connected to the Trans-Andean pipeline.
Under a farmout with Loon Energy Corp., Calgary, CEPSA will pay the first $10.75 million of exploration expenditures, after which each party will pay its respective share. Loon Energy holds 20% interest in the block.
Photo from Esso SAF.
Map from Petrobras.
