Lima, May 22 (ANDINA).- Petrobras Energía Perú, the Peruvian subsidiary of Petrobras, the Brazilian state-owned oil company, will invest 50 million dollars in drilling a gas well at the block 58 located in Cusco near Camisea fields, said the company's general manager Pedro Grijalba.
“The aim is to drill the first well between May and June 2009. Drilling and exploration works will take four or five months, which means that we could be announcing any discovery of natural gas by late October or November”, said Grijalba to Andina news agency.
Grijalba added that if they discover natural gas in that block, it will be used to supply Petrobras and Petroperú’s fertilizer production plant.
“Petrobras is exploring block 117, where we hope to find heavy crude oil. We also expect to find light crude oil in blocks 103 and 110 and gas reserves in blocks 58 and 57”, he added.
Furthermore, he mentioned that Petrobras will continue investing in improving oil production in block X, which is located in Piura and contributes with 15 percent of Peru’s total production and 3 percent of total natural gas production.
He pointed out that Petrobras came to Peru in 2002 and started to invest in the drilling of wells to increase its production after doing a number of studies and technical evaluations.
(END) EBS/JPC/LGV/EEP