Peru Government to Promote Seven Hydrocarbons Blocks

Peru plans to start a campaign in November to promote seven potential oil and gas blocks, the president of state agency Perupetro, Antonio Cueto, was quoted as saying government newspaper El Peruano on Wednesday.

Government officials will visit a variety of companies and then will hold a road show in the United States and Canada, Cueto said.

The blocks are located in the Maranon basis in northeastern Peru, in the Madre de Dios basin in southern Peru and in the offshore continental shelf.

"The blocks located in Madre de Dios are the most interesting given their proximity to the Camisea gas fields as it is very likely that they contain gas," Cueto told government news agency Andina.

Investment in exploration and exploration will reach $187 million this year, up from 2003, with the exception of money invested in Camisea, Andina reported.

Peru produced an average of 105,193 barrels of oil and other hydrocarbon liquids a day in September, for a total of 3,155,775 barrels, according to government figures.

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