Petrobras, Petroperu Consortium Signs 6 Maranon TEAs

The consortium of Brazil's federal energy company Petrobras (NYSE: PBR) and Peru's state oil company Petroperu signed six technical evaluation agreements (TEAs) with state hydrocarbons promotions agency Perupetro, Petrobras and Petroperu said in separate statements.

The TEAs correspond to the Maranon basin's XXVI, XXVII, XXVIII, XXIX, XXX and XXXI blocks and have a two-year period.

The consortium will identify zones with the most hydrocarbons-bearing potential in order to determine if it will enter into E&P license contracts.

The TEAs will require a US$980,000mn in investment, to be financed equally by Petrobras and Petroperu.

Petrobras produces 15,000b/d oil and gas in Block X in northwest Peru and also has six exploration concessions covering 57,500 sq km.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
 
United States Houston: Senior Product Champion
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
United States Houston: Engineering Project Manager
Expertise: Project Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours