Peru

Perenco holds a 100% interest in the licence contract for Block 67 in the Maranon Basin. Block 67 comprises Paiche, Dorado and Pirana fields.

Once development is completed, it is estimated that these fields will have the potential to produce up to 100,000 barrels of oil per day. The development plan includes the drilling of over 170 wells from 10 platforms and construction of central processing facilities and local pipelines for delivery of crude oil into the export pipeline system. This system will transport production to Bayovar export terminal, located 1000km from Block 67 on the Pacific coast.

Perenco is to participate in a continuing exploration programme in the region as well as seismic acquisition operations on nearby Block 121.