Perupetro: 16 Groups Submit Bids for 2007 E&P Round

Peru's state hydrocarbons promotion agency Perupetro reported 16 groups submitted offers for the 2007 E&P round.

The blocks are in the fields of Huallaga (block 140), Madre de Dios (133), Maranon (130, 134-137 and 143), Talara (25 and Z45), Titicaca (141), Trujillo (Z46 and Z47), Salaverry (Z48 and Z49) and Ucayali (131, 132, 138 and 139).

The bidders are the following: Korea National Oil Corporation-CNPC International-Pluspetrol (block 143); Compania Espanola de Petroleos (130); Hocol (25); Hunt Oil (143); PetroVietnam Exploration Production Corporation (Z47); Pacific Stratus Energy (134, 135, 137, 138); Pan Andean Resources-Repsol (25, 130, 131, 141); Petrolera Monterrico (25); Petrolifera Petroleum (141, 143); Petrotech Peruana (Z45, Z46, Z47, Z49); Plectrum Petroleum (Z45); Reliance Industries (138, 141); SK Corporation (138, Z46); Samaraneftegaz (25, 130); Talisman-Ecopetrol (134); and Vetra Energy Group (25), the agency said in a statement.

The offers represent roughly US$1bn in exploration investment, according to Perupetro board president Daniel Saba. Perupetro plans to open economic offers and award contracts on July 12, with contracts to be signed in the second half of this year.

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.