Peruvian Natural Gas Output Jumps 48.92 Pct Y/Y Jan-Sept 2007

The natural gas output in Peru jumped by 48.92 pct year-on-year to 66.579 billion cubic feet in the period January to September 2007, Peru's state oil sector promotion agency Perupetro said on October 3, 2007.

In September 2007 the country's average natural gas production decreased by 2.42 pct month-on-month to 300.8 million cubic feet per day (mcfd), according to Perupetro data. The decrease is mainly attributed to the lower gas consumption of the thermoelectric plants.

Block 88 of the field Camisea, operated by the Peruvian unit of Argentine oil and gas company Pluspetrol, Pluspetrol Peru Corporation, reported the highest average output in the country, this of 222.15 mcfd in September 2007. Block 31-C, operated by Peruvian gas producer Aguaytia Energy del Peru, ranked second with 41.7 mcfd of natural gas in the ninth month of 2007. Block Z-2B, operated by the Peruvian unit of U.S. oil company Petro-Tech International, Petro-Tech Peruana, reported a production of 18.24 mcfd in September 2007.

The revenue to the state generated by Perupetro in September 2007 totalled 236.85 mln Peruvian soles ($78.2 mln/55.4 mln euro).

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: October 4, 2007

No comments: