Camisea is a major project, both for Peru and Pluspetrol. The Argentine company has a 40-year contract to develop the 3 trillion cubic feet of gas in the field there. The project includes a processing facility at Las Malvinas, which will compress the gas for its 500-km journey either to Lima through the new pipeline or to Pisco on the coast where the gas will be liquefied and shipped to the US.
Pluspetrol said that its contractual obligation was to drill four wells and to start shipping gas to Lima by 9 August 2004. It said that the seismic work on the field was complete, the Las Malvinas plant was now 85% complete, and the wells were almost threequarters complete. The terminal at Pisco is now just over a third built.
Pluspetrol reckons that the initial production from the four wells will be 400m cubic feet a day. Eventually, Pluspetrol expects to have eight wells to tap the field.
End of preview - This article contains approximately 235 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
