Block 58 is a conventional gas development located onshore Peru and is operated by CNPC Peru. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Block 58 was discovered in 2009, lies in block Block 58. Buy the profile here.
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.
For more details on the Block 58 Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
