Perupetro to Sign E&P Agreement for Z-34 Block March 8
The companies that will be awarded the block are London-based Gold Oil (LSE: GOO) and Scottish firm Plectrum Petroleum.
The 371,339ha block "has potential for typical deepwater turbidities, which normally have high porosities and permeability," Gold Oil said on its website.
Further, there are possible extensions of the prolific structural traps in the neighboring Z2B block and the Talara basin's onshore fields further east, Gold Oil said.
The company estimates that 2,500km of 2D seismic analysis in the deep offshore areas will be necessary to "give a good picture of the possible traps and structures on the block."
"Excluding the deepwater turbidite plays, there is a potential for at least 250Mb of oil in the shallower water areas," the website said.
Gold Oil CEO Thomas Tidow declined to comment further when contacted by BNamericas.
Gold Oil entered into a promotion license with Perupetro on February 7, 2005, for an initial period of 15 months. The license allowed Gold Oil to carry out a feasibility study while retaining exclusive rights over the block.
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.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- These Factors Helped Brent Oil Price Break Above $85
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Gaz System to Acquire Gas Storage Poland
- Subsea7 Secures Contract to Service Woodside's Trion
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- EIA Boosts USA Crude Oil Production Forecasts
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension