Petrotal exceeds expectations in Peru
The Calgary-based operator has managed to sidestep midstream challenges, charting a course to significant production gains
Peru-focused operator Petrotal expects to almost double production going into next year after outperforming Q2 guidance by 2pc. The company’s drilling campaign is projected to lift total output to c.20,000bl/d, up from a base of 10,000-11,000bl/d in 2021. The onshore Bretana field in block 95 is driving production growth. First oil was achieved in 2018, and output is projected to hit 13,000bl/d in just 18 months. Eight wells are producing and a ninth was deployed in July, first production from which is expected in early September. A final well is planned by year-end. “The Envidia prospect requires additional seismic for us to feel confident that we should drill it” Zuniga, Petrotal CEO
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust