Canadian oil company Altamesa Energy has been chosen by the Peruvian state oil company Petroperú as its partner in the exploitation of Block 192, the country’s largest oil field, it was reported on Wednesday.
Crude oil production in Block 192, located in Loreto, the largest region of the Peruvian Amazon, was crippled in February, when the temporary exploitation contract for Canadian company Frontera expired.
Exploitation will resume when the prior consultation process with the indigenous communities, who must agree to the new contract, is completed. The operation, which is responsible for the Ministry of Energy and Minerals and the state company Perú-petro, has been delayed due to the COVID-19 pandemic.
Altamesa will be the largest partner of Petroperú, which will return to the oil production sector under a mandate passed by the Peruvian Congress passed at the end of 2015.
Up to 90 operational wells. Square 192 covers an area of more than 512,000 hectares that includes three rivers (Pastaza, Corrientes and Tigre) in whose basins many indigenous communities settle. The base production averages about 10,500 barrels per day and has 250 wells drilled, of which 90 are considered active.
It is estimated to have 127 million barrels of medium, light and heavy crude oil in reserves, a raw material that will be used to start the modernization of the Tellara refinery, which has already entered its final phase.
Block 192 is also the site in the Peruvian Amazon with the most reported pollution incidents in the past 20 years, according to an investigation published last year by the National Coordinator for Human Rights (CNDDHH).
There are approximately 1,200 oil-related pollution-affected points waiting to be cleared, equivalent to an area of about 36.5 hectares, which requires about 24,000 trucks to extract the affected parts.