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In order to reach 1,580 million cubic feet of natural gas per day for 2012
16:06 Camisea consortium invests US$ 380 million to improve processing capacity
  They will also produce more than 110,000 barrels of associated liquid per day

  • Lima, Jun. 19 (ANDINA).- Camisea consortium is performing extension works in its plants in Malvinas (Cusco) and Pisco (Ica), with an investment of US$ 380 million, in order to increase its processing capacity by 30 percent with 1,220 million cubic feet per day, Pluspetrol reported Friday.

    With these extension works, Camisea will process 1,580 million cubic feet of natural gas per day and 110,000 barrels of associated liquid for 2012.

    “These new extension works represent for Camisea an important milestone in sustainable growth since the beginning of operations in 2004,” Pluspetrol Executive Manager Roberto Ramallo said.

    He pointed out that the report of Certification of Reserves for blocks 88 and 56, made by Gaffney, Cline & Associates company in February 2009, confirms the maximum potential volumes of original gas in place presented by Pluspetrol in December 2008, which is about 18 trillion cubic feet (TCF).

    Also, volumes of recoverable hydrocarbon, based on the field development made by Camisea consortium up to now, match up with estimates presented and represent 14.7 TCF.

    He pointed out that works performed by Camisea consortium up to now allowed an increase of 30 percent in the figure of certified reserves in relation to 2005.

    (END) JPC/DCR/LVT


(AND239013)  Date: 19/06/2009

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