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April 28, 2022

Block 58 Conventional Gas Field, Peru

By Carmen

Block 58 is a conventional gas development located onshore Peru and is operated by CNPC Peru. Discovered in 2009, Block 58 lies in block Block 58.

The project is currently in approval stage and is expected to start commercial production in 2023. The development cost is expected to be $2,003 m.

Field participation details

The field is owned by China National Petroleum.


Production from Block 58

Production from the Block 58 conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 404 Mmcfd of natural gas and 27,717 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 476.93 Mmboe, comprised of 2,027.49 bcf of natural gas reserves and 139.02 Mmbbl of natural gas liquid reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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