Peru's Ucayali gets big gas-condensate find

A group led by Repsol-YPF SA started production tests at a gas-condensate discovery on Block 57 in Peru's Ucayali basin.

By OGJ editors
HOUSTON, Jan. 14 -- A group led by Repsol-YPF SA started production tests at a gas-condensate discovery on Block 57 in Peru's Ucayali basin.

Early test rates were 35.3 MMcfd and 1,245 b/d from 115 m of pay in an undisclosed formation, and partner Petroleo Brasileiro SA (Petrobras) said the 22-km-long Kinteroni structure's indicated a capacity of as much as 2 tcf of gas. Tests continued at the well is in Cuzco Province.

Repsol-YPF, with 41% interest, and Petrobras, with 35.15%, were in the process of acquiring the other 23.85% interest from ConocoPhillips's Burlington Resources Inc. subsidiary, subject to approval by Peruvian authorities.

Petrobras noted that the discovery well is near blocks 58 and 110, which it is exploring with 100% interest.

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