Chevron, Anadarko, and Westlawn shake hands on oil & gas exploration offshore Peru

Sept. 22 (offshore-energy.biz) As three oil and gas players  — Chevron, Anadarko, and Westlawn  — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision.

The trio’s formalization of their partnership to search for hydrocarbons in the Peruvian Sea, also known as Mar de Grau, has the potential to make it possible to discover new reserves, increase production of hydrocarbons, and strengthen the country’s energy security, according to Perupetro, which signed the modification of the license agreements of blocks Z-61, Z-62, and Z-63 with the companies.

The signing of these agreements was attended by Dina Boluarte, Peru’s President; Jorge Montero, Minister of Energy and Mines; Pedro Chira, President of the Board of Directors of Perupetro; and representatives of the consortium, where Anadarko will remain in the operator role with a 35% stake, Chevron assumes 35% interest, and Westlawn 30%.

Perupetro highlighted: “The entry of world-class players into Peru will attract other major competitors in the global energy industry, interested in the hydrocarbon potential of our various oil basins.

“The Trujillo Basin has significant potential to be discovered and, if the exploratory work to be carried out in this basin is favorable, Peru could be facing an important discovery, which would improve our trade balance deficit in hydrocarbons.”

The deal in Peru comes shortly after Chevron and other players, including Höegh Evi, SLB, and Energean, strengthened bonds with Egypt to enable the country to step up its hydrocarbon exploration, liquefied natural gas (LNG), and sustainability games.

Read full article: Chevron, Anadarko, and Westlawn shake hands on oil & gas exploration offshore Peru – Offshore Energy