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April 29, 2022

Block I Conventional Gas Field, Peru

By Carmen

Block I is a producing conventional gas field located onshore Peru and is operated by Petroperu. The field is located in block Block I.

Field participation details

The field is owned by Petroperu.


Production from Block I

The Block I conventional gas field recovered 93.37% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 9 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.


Remaining recoverable reserves

The field is expected to recover 0.4 Mmboe, comprised of 2.4 bcf of natural gas reserves.


About Petroperu

Petroperu SA (Petroperu) is a state-owned oil and gas company that offers transportation, refining, distribution and commercialization of fuels and petroleum products. The company offers vehicular, aviation, marine, industrial and domestic products. Its vehicular products include GLP, gasohol, gasoline super plus, diesel B5 and diesel ultra. Petroperu’s industrial products comprise industrial oils, solvents and naphthenic acid. The company distributes petroleum products through pipeline, and marine and inland waterway fleets. It markets its products through its own and contracted fuel stations. The company also operates petroleum refining units such as talara refinery, refinery conchan, iquitos refinery, refinery el milagro and refinery pucallpa. Petroperu is headquartered in Lima, Peru.

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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