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Peru Block 8

Sector: Oil and Gas • Location: Peru

Source: Korea National Oil Corporation (KNOC)

Project
Closed

Peru Block 8 is a 1,823 square kilometer wide production block located in the Maranon basin in northern Peru. The operator, Pluspetrol, has a 60% stake of the project, and KNOC, POSCO INTERNATIONAL and SK innovation own 20%, 11⅔%, and 8⅓%, respectively. Initial production in the block started in 1974 and the contract period is from June 1996 to May 2024. As of December 2020, the average daily prod

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The project “Peru Block 8” is an infrastructure initiative in the Oil and Gas sector, located in Peru. Taiyo aggregates data on it from Korea National Oil Corporation (KNOC).

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Participants

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Original status

Closed

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Description

Description

Peru Block 8 is a 1,823 square kilometer wide production block located in the Maranon basin in northern Peru. The operator, Pluspetrol, has a 60% stake of the project, and KNOC, POSCO INTERNATIONAL and SK innovation own 20%, 11⅔%, and 8⅓%, respectively. Initial production in the block started in 1974 and the contract period is from June 1996 to May 2024. As of December 2020, the average daily production stood at 0.35MBOPD (KNOC`s Share) with accumulated production reaching 28.1MMBBL (KNOC`s Share). Production has been temporarily suspended due to COVID-19 since April 2020.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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