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Peru

Perenco holds a 100% interest in the license  for Block 67 in the Maranon Basin. The block consists of three discoveries to date:  the Paiche, Dorado and Pirana fields.
 
These fields in North East Peru have the potential to produce over 60,000 barrels of oil per day of heavy crude oil. They will be brought on stream through a pioneering project which combines  socio-environmental, technical and logistical aspects.

Once completed, the project will offer a unique transportroute from the eastern part of the Maranon basin, allowing the development of existing and future discoveries neighbouring Block 67.

The development plan includes the drilling of  190 directional wells (both producers and injectors) from 18 centralized platforms, the construction of only three processing facilities and the installation of buried pipelines, above which the vegetation is replanted.

Production will enter the existing main Oleoducto Nor Peruano pipeline at Andoas, which is 200 km west of Block 67. The existing Oleoducto Nor Peruano pipeline runs to the Bayovar terminal, located 1000km away on the Pacific coast.
 
Perenco is also actively participating in an exploration programme in the region.

In April 2009, the development of Block 67 was declared a project of national necessity and interest. First oil is expected in 2013, in line with  the development plan approved by Perupetro.