Project Profile
Value: unknown
Location: nearly 350km from Asunción, Hernandarias, Alto Paraná department, Chaco region, Paraguay
Area: 18,507 km2
Reserves: Unknown
Production: Unknown
Depth: Unknown
Start-up Year: -
The Hernandarias block covers 18,507 km2 and is located immediately to the north of President\'s existing Paraguayan concessions in the Pirity sub-basin. The company owns 80% of the block, as well as operating rights. Local firm Hidrocarburos Chaco S.A. holds the remaining 20% stake. In July 2015, seismic data acquisition was completed on time and on budget on the Hernandarias block.
Operators:
President Energy: Operator with 80% interest
Hidrocarburos Chaco S.A.: 20% interest
Contractors:
Subcontractors: