Perenco holds a 50% interest in Block 67 in the Marañon Basin, located in the north east of the Loreto region, along with Vietnamese national company PVEP. To date, three discoveries have been made at the the Paiche, Dorado, and Pirana fields, giving a total of 217 million barrels of 2P certified reserves.
As a result of the appraisal and delineation campaign conducted in 2009 and 2010, Perenco has approved an early production phase, with commercial production set to commence in 2013 and reaching 60 000 bopd within five years. The approved development plan includes the drilling of 190 directional wells from 18 platforms, the construction of processing facilities, and the installation of buried pipelines to enter the existing main Oleoducto Nor Peruano pipeline at Andoas, 200 km from Block 67.
This groundbreaking and innovative project will contemplate the full reinjection of the production water and rain water in contact with production facilities, the reinjection of the drilling cuttings, the river crossing using directional drilling, and the installation of canopy bridges. The project will utilise advanced technologies such as casing drilling, centrifugation of water-in-crude, zaplock for pipeline, and innovative and reliable infrastructures to develop the heavy crude reserves of the Maranon Basin.
A dedicated communities' development plan has been integrated into this project from the outset and a continuous dialogue with the communities on site is ongoing, as part of our transparency commitment and the social and environmental development act signed with these communities.
Many local, regional and international contracts have been put in place to ensure compliance with the highest international standards. This includes a full rivers ecosystem study with the IIAP (Instituto de Investigaciones de la Amazonia Peruana).
Perenco's activity in Peru is key to the country's future oil production and the development of Block 67 was declared a project of national importance in April 2009. As well as the significant potential reserves of Block 67, the field is the gateway to the entire Maranon basin.