Project Profile
Value: US$32 million
Location: Puná island. Offshore Ecuador
Area: 300,000 hectares
Gas Reserves: 1.3Tf3 (36.812Bm3)
Block 4 covers 300,000ha and includes a part of Puná island. The block could hold gas reserves of 1.3Tf3 (36.812Bm3), according to results from 2D seismic and three wells drilled from 1942-70.
The first well, dubbed Puná 1, was drilled to a depth of up to 3km. Some US$32million will be spent in the exploration phase.
Operator:
PDVSA Petróleos de Venezuela S.A: Operator with 100% interest