Project Profile
Value: Undisclosed
Location: Maranon Basin, Peru
Reserves: Unknown
Area: 114,253 net acres (313,023 gross acres)
Depth: 75 feet
Start-up Year: -
Block 102 located in the Maranon Basin in Peru was licensed in 2006 with a seven year exploration and 30 year oil production term. After completing the drilling of the Boa Oeste-1X well, the Operator, Pluspetrol E&P S.A., proposed a long term test of the well; however, upon further evaluation of the benefits of such test, Shona has determined that further expenditures on the Boa Oeste 1X well, including the cost of the proposed testing of the well, cannot be economically justified. In accordance with the Joint Operating Agreement, Shona and its partners are proceeding to the fourth exploration period of the license contract for the Block 102 to conduct a 3-D seismic program in the Capahuari and Macusari trends. In 2012, the partners are Shona Energy with 36.5%, Pluspetrol (which is the operator) with 51% and Andean Oil and Gas with 12.5% interest.
Operators:
Pluspetrol: Operator with 51% interest
Andean Oil and Gas: 12.5% interest
Shona Energy: 36.5% interest