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Perenco holds a 50% interest in Block 67 in the MaraƱon Basin, located in the north east of the Loreto region, along with Vietnamese national company PVEP. To date, three discoveries have been made, Paiche, Dorado, and Pirana fields, giving a total of 217 million barrels of 2P certified reserves.

The first commercial barrel has been inaugurated in presence of the President of Peru M. Ollanta Humala Tasso on 5 December 2013. The President was accompanied by the minister of Mines & Energy Jorge Merino Tafur, the Deputy Victor Isla, the Regional President Yvan Vasquez and the chief of the Buena Vista community, Ronner Rocero.

Perenco's activity in Peru is key to the country's future oil production (the Block 67 first oil was the first new oil field put in production in the country for the last 30 years) and for the Maranon basin by having a new integrated production hub in the region designed as per the latest international standards.

This groundbreaking and innovative project contemplate the full re-injection of the production water and rain water in contact with production facilities, the re-injection of the drilling cuttings and the river crossing using directional drilling. The project utilized 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.

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.

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).

The development of Block 67 was declared a project of national importance in April 2009.

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