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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

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