Friday, January 05, 2007
Peru's New Petroleum Concession Map Covers Most of Amazon
Perupetro SA, Peru's state company responsible for promoting hydrocarbon exploration and development recently released a new map showing existing and planned concession blocks. The new map shows a number of new areas of the Peruvian Amazon now open for oil and gas exploration including the Sierra del Divisor Reserve Zone that borders Brazil. The portion of Peru's 67 million hectares of Amazon rainforest that is slated for oil exploration now exceeds the 50% reported on December 4, 2006 by the Environmental News Service.
According to Rigzone, Perupetro signed a record 16 contracts with private companies for oil and gas exploration and exploitation in 2006 and is putting another 18 on the auction block in 2007, which it will promote in at a roadshow in Houston this month.