Project Profile

Location: northern Loreto region, Peru
Production: 10,000 bpd (output before the Oleoducto Norperuano Pipeline halt)
Proven Reserves: approx. 72.5 million barrels of oil
Start-up Year: -

Oil block 1-AB, also known as 192, typically produces between 15,000 and 17,000 barrels of oil per day in Peru\'s northern Loreto region. Argentine energy company Pluspetrol has operated the oilfield since 2001 after buying it from Occidental Petroleum Corp. Its contract ends in August 2015.

Pluspetrol has faced protests by indigenous groups demanding compensation for pollution and land use. The block will become tender in April 2015 and the winner will likely be announced in August 2015. The state energy agency Perupetro will award the block. April 13th 2015 is the tentative date set for the start of bidding, but the government must first wrap up negotiations with indigenous groups over pollution.  


Operators:

Frontera Energy (previously Pacific E&P):  Operator with 100% interest