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  1. Market Data
May 5, 2022

Rio Verde Conventional Oil Field, Peru

By Carmen

Rio Verde is a producing conventional oil field located onshore Peru and is operated by Sapet Development Peru. The field is located in block Block VII.

Field participation details

The field is owned by China National Petroleum.


Production from Rio Verde

The Rio Verde conventional oil field recovered 95.16% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 0.07 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 0.02 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate.


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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