Peru: Gold Oil moves toward 3D seismic off Talara

Peru’s Ministry of Energy & Mines has approved the environmental permit covering Block Z34 in the Talara basin off Peru, and Gold Oil PLC hopes to finalize commercial agreement with a seismic contractor within weeks.

By OGJ editors
HOUSTON, May 26
– Peru’s Ministry of Energy & Mines has approved the environmental permit covering Block Z34 in the Talara basin off Peru, and Gold Oil PLC hopes to finalize commercial agreement with a seismic contractor within weeks.

The permit is for shooting a maximum of 808 sq km of seismic. With the block no longer subject to force majeure, Gold Oil is negotiating to finalize the number of days to be added to the contract term. The company intends to shoot an initial 500 sq km of 3D seismic in the southern, most prospective part of the 3,700 sq km block. The company shot 2,013 km of 2D seismic in 2009.

The block is in 100 m to more than 2,000 m of water seaward of coastal fields that have yielded 1.6 billion bbl of oil and still produce 12,700 b/d. Gold Oil, with 100% interest, is seeking partners to drill two exploratory wells in 2012-13.

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