CNPC produces first gas from Peru’s Block 58

By Staff reporter 20 February 2017

China National Petroleum Corp. (CNPC) has produced its first gas from Peru’s giant Block 58, state-run hydrocarbon agency Perupetro announced on Friday.

Block 58 is in Peru’s southern jungle zone, which accounts for more than 96% of the country’s gas production. CNPC bought the rights to the licence from Brazilian state-run Petrobras in 2014.

Lima said in November that CNPC had confirmed a discovery of 110.5 billion cubic metres of gas and condensate reserves in the block.

The discovery would boost Peru’s gas reserves by nearly 28%, according...

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