Skip to main content

Frontera receives six-month extension on Peru onshore block

Published by , Editor
Oilfield Technology,


Frontera Energy has executed a six-month extension agreement with Perupetro S.A. with respect to the temporary service contract on Block 192 onshore Peru.

The contract, which was due to expire on 2 March 2020, has been extended to 2 September 2020. The extension will help sustain production from the block while the process relating to the award of a new long-term contract for the block is completed, which is expected in 2020.

Recent production on the block has been approximately 7100 bpd. The execution of the contract extension will enable Frontera to undertake a workover and well service programme which is expected to return production levels near 8500 bpd in the coming weeks. Production during the term of the current service contract has been inconsistent due to intermittent NorPeruano pipeline availability and community disruptions. Production on the block during periods of normal operations has been approximately 8500 bpd.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03032020/frontera-receives-six-month-extension-on-peru-onshore-block/

You might also like

Oilfield Technology Spotlight with Swagelok

Mike Aughenbaugh, Associate Target Market Manager, Swagelok, joins us to discuss his article that featured in the July/August 2024 issue of Oilfield Technology magazine.

 
 

Embed article link: (copy the HTML code below):