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Andean upstream feels the heat
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Unlocking Energy Potential: PERUPETRO Launches Investor Search for Offshore Block Z-69
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Reactivation of offshore exploration activities at Peruvian basins
PeruPetro is promoting key areas to attract investment into the country’s offshore oil and gas
New opportunities for exploration and exploitation in Peru
Blocks I, VI and Z-69 represent an excellent investment opportunity in the energy sector, producing fields, accessibility, infrastructure, guaranteed market and proximity to the modern Talara refinery
Uncertainty weighs on the Andean energy sector
Collapsing governments and crackdown on public dissent showcase growing instability
Letter from Latin America: Region tilts to the left
Brazil and Colombia may be about to follow the pattern of their neighbours in taking a political left turn
Petrotal set to boost Brazilian exports
Peruvian firm signs deal to increase export volumes and looks at ways to further bolster them
Petrotal exceeds expectations in Peru
The Calgary-based operator has managed to sidestep midstream challenges, charting a course to significant production gains
Private sector takes a beating in Latin America
Political and financial motivations vary, but the region is noticeably lurching towards greater resource nationalism
Iquitos is the nearest major urban centre and has its own refinery
Peru
Charles Waine
31 August 2021
Follow @PetroleumEcon
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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

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