Correction - Gold Oil, Plectrum Sign E&P Contract for Z-34 Block

Talara Basin
(Click to Enlarge)
BNamericas reported on March 9 that as part of the E&P agreement for the Talara basin's offshore Z-34 block in Peru with London-based Gold Oil (LSE: GOO) and Scottish firm Plectrum Petroleum, the companies would drill a well no later than 30 months after exploration begins.

However, the first two exploration periods cover 30 months and the contract calls for the first exploration well during the third period.

We apologize for the mistake.

We would also like to clarify Plectrum will cover all costs until completion of the acquisition and processing of the initial 2000km seismic program rather than simply the first two periods of exploration.

Visit BNamericas to access our real-time news reports, 10-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.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager, Oil and Gas
Expertise: Petroleum Engineering|Project Management
Location: West Chicago, IL
Business Development Manager
Expertise: Business Development|Construction Manager
Location: Portland, OR
Business Development Manager
Expertise: Business Development|Construction Manager
Location: Denver, CO
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours