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 PERU
South America
In 1993 Peru followed Argentina and began to privatise
its state company, Petroleos del Peru SA (Petroperu). It also created a
regulatory agency, Perupetro SA, to oversee its oil and gas activity.
Peru has significant onshore production in mature basins.
Most fields are now located inland in the jungles of the Oriente region
(Maranon basin) near
the border with Ecuador. In addition a number of small oil fields
produce from the Talara basin on the coast also near the Ecuadorian
border.
 Oil output has been in decline since 1982 because the few
new finds are failing to compensate for lower production in aging
fields. However, the NW coastal area has increased output a little and
condensate production, along with gas and NGLs, will also increase as
development continues on the giant Camisea gas project inland.
The gas market in Peru is set to grow rapidly as a result
of the development of Camisea in the
southeast of the country - the largest gas project in Latin America. A gas
processing plant is located at Las Malvinas and a gas cracking plant has
been built at Pisco. Camisea will supply gas to Brazil, Chile and to an
LNG project on the Pacific coast.
A US-based company, Petro-tech Peruana, is the only
offshore producer on Block Z-2B off the north coast in the Talara basin
near the Ecuadorian border. This area, which started producing in 1960,
has several platforms and a large number of wells..
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CAPITAL
Lima
Population
28.3 million
Onshore area
(000's sq kms)
1,285.2
Offshore area
(000's sq kms)
NEW
OIL PEAK YEAR
1980 |
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