Most oil fields in Peru are located inland in the jungles
of the Oriente region near the border with Ecuador. A few produce from
the Talara basin near the coast. Output has been declining since 1982
from aging fields, however heavy oil, condensate and NGL production
associated with gas will lead to growing output in the future to a
second peak in around 2013. Offshore oil is also produced from an
extension of the Talara basin.
Peruvian gas production has begun to increase rapidly as the development
of the giant Camisea complex proceeds in the southeast of the country.
Peruvian oil consumption is flat after falling in 2006
but will grow a little as indigenous supplies increase and imports
Gas consumption is increasing rapidly, as will exports. Gas will
initially be supplied to Chile and to a new LNG complex on the Pacific