Perupetro has contracted Spectrum for 2D seismic work prior to the country's international bid round on 12 December.
Spectrum will reprocess approximately 13,000km of 2D multiclient regional seismic data covering the lease sale blocks for the Peruvian state-owned and regulatory body. The data will be available in October.
In April, Peru's government said that six coastal blocks in three of Peru’s 18 sedimentary basins would be up for grabs as part of the 2014 licensing round: Z-50 in the Lima basin; Z-53, Z-54, Z-55 in the upper trench slope Lima Pisco basin; along with Z-56 and Z-57 in the Salaverry Trujillo basin. The blocks are located within 10mi of the coast.
Perupetro estimated that the South American country would hit about 4 billion boe of proven resources in 2014. It also called the country underexplored, noting that 98% of wildcats drilled were concentrated in four basins.
However, in its statement, Spectrum said that the round might include more offshore blocks, noting that between six and nine would be offered in the bid round.
The Peruvian government has already twice suspended the country's offshore licensing round. Bloomberg reported in March 2013 that the round was attracting interest from companies including ExxonMobil and Apache. However, the round was ultimately delayed in December 2013, with the government issuing a statement saying that “the companies involved submitted requests to alter their respective terms.” The Wall Street Journal reported that the companies asked to alter their requests due to the concessions' "high level of technical complexity."
However underexplored Perupetro might consider the country to be, it is beginning to attract attention now. In April, ION Geophysical announced it had been awarded permits to acquire 12,600km of seismic data off Peru in a 2D multi-client survey it developed with PeruPetro. In July, BPZ Energy spudded the CX15-7D development well in the Corvina field in Block Z-1. It also brought its CX15-5D development well onstream through a self-installing buoyant tower built with jackets designed to bend against the earthquakes that have previously kept operators away from Peruvian waters.
Read more:
Peru launches 2013 offshore round
PetroChina buys Peruvian assets from Petrobras
Map showing scope of work from Spectrum.
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