Frontera receives six-month extension on Peru onshore block
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
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
TotalEnergies signs agreement to acquire remaining 50% of SapuraOMV
SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia.