Providencia is a producing conventional oil field located in shallow water in Peru and is operated by Savia Peru. The field is located in block Block Z-2B A, with water depth of 5,752 feet.
Field participation details
The field is owned by Offshore International Group.
Production from Providencia
The Providencia conventional oil field recovered 41.28% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 1.96 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 9.01 Mmboe, comprised of 9.01 Mmbbl of crude oil & condensate.
About Savia Peru
Savia Peru SA (Savia), a subsidiary of Ecopetrol SA, is an oil and gas company that offers hydrocarbon products. The company’s products include oil and gas, natural gas, hydrocarbons, hexanes, pentanes, GLP, HAL, LPG, propane, and butane products. It offers services such as production, exploration, merchandizing, marketing, gravimetry, magnetometry, geology, packaging, seismic drilling, handling, and storage services. . Savia also provides supply and supplier management, goods and services procurement, and strategic framework solutions, among others. The company offers mixture of light hydrocarbons that include propane and butane obtained by fractionation of natural gas liquids. Its exploration projects include Northern Peruvian Coast located in the Bay of Bayovar Talara, and projects in Central Peruvian Coast. Savia is headquartered in San Isidro, Peru.
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.