Paiche is a heavy oil development located onshore Peru and is operated by Perenco Peru. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Paiche was discovered in 1998, lies in block Block 67. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Perenco Holdings and Vietnam National Oil and Gas Group.
Production from Paiche
Production from the Paiche heavy oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 1,463 bpd of crude oil and condensate. 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 5.87 Mmboe, comprised of 5.87 Mmbbl of crude oil & condensate.
For more details on the Paiche Heavy Oil 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.
