Peru confirms over 1 billion barrels of oil reserves 2008-04-17 08:57:48   Print

    LIMA, April 16 (Xinhua) -- Petro-Tech Peruana oil company on Wednesday confirmed reserves of 1.132 billion barrels of high quality oil off the coasts of the Peruvian provinces of Piura and Lambayaque.

    Exploration chief of the Argentine capital Petro-Tech Peruana oil enterprise, Enrique Gonzalez, said that the San Miguel oil well alone, in Piura, has 323 million barrels of oil.

    Some 809 million barrels of oil can be added while including three other maritime oil fields - Santa Rosa, Santa Maria and Pimentel - in Lambayaque.

    The location of the reserves is called the Z-6 Allotment, 900 km northwest of the capital Lima, off the coast.

    Gonzalez said that the first exploration well, San Miguel-1x, will be drilled in the fourth quarter of this year.

    "The San Miguel platform will be transferred to Lambayaque in some 15 or 20 days after obtaining the permit from Peru's Navy," said Gonzalez.

    Gonzalez said the Petro-Tech Peruana oil enterprise, with Argentine capital, began the field studies five years ago, discovering oil in the region by means of two- and three-dimensional seismic tests.

Editor: Du Guodong
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