Peru's July Oil/Products Output Rises 4.75% Versus June

LIMA (Dow Jones Newswires), May 28, 2008

Peru produced an average of 118,714 barrels of liquid hydrocarbons a day in July, 4.75% higher than in the previous month, state agency Perupetro said Tuesday.

Pluspetrol Peru Corp. produced 35,413 barrels a day of liquid hydrocarbons in July from Block 88, the main block in the Camisea natural gas field.

Pluspetrol Norte produced 23,074 barrels a day from its Block 1-AB and another 15,697 barrels a day in the month from Block 8.

Petroleo Brasileiro SA (PBR), or Petrobras, produced 13,980 barrels a day of liquid hydrocarbons in Block-X during the month, the report said.

In July, Peru produced a daily average of 372.35 million cubic feet of natural gas, 0.87% higher than in the previous month. That was mainly due to the shipments of natural gas from Block 88 to be used by thermoelectric plants, the government said.

The largest gas producer in July was Pluspetrol Peru Corp, with 287.10 million cubic feet of natural gas a day from Block 88.

Aguaytia Energy had output of 47.58 million cubic feet of natural gas a day in July from Block 31-C.

Copyright (c) 2008 Dow Jones & Company, Inc.

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