Peru state oil company Petroperu by month-end will award the contract to carry out the feasibility study for a project to extend the Norperuano oil pipeline. The project would transport heavy crude produced in block 67 near the border with Ecuador to the coast in 2010. Block 67 will have potential to produce up to 100,000b/d. The US$1.5bn plan for the block estimates first oil in January 2011. The aim is to award the pipeline works contract in June. Pipeline capacity is roughly 250,000b/d. The pipeline currently stretches 852km and transports crude from the areas of San José de Saramuro and Andoas in Loreto department to Bayovar port.
Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: January 25, 2008
1/24/08
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