Peru's state agency promoting oil and gas operations has announced that by the end of this month oil will be produced from new deposits in a remote part of the Peruvian Amazon near the border with Ecuador. The announcement was made in a press release by Perupetro stating that 'the date to start commercial extraction is scheduled for 30 November this year', and that the 'proven reserves in the lot [called Lot 67] are about 100 million barrels of heavy oil.' According to Perupetro, the plan is to start producing 6,000 barrels daily and then increase to 30,000 barrels by 2017 and 60,000 barrels by 2019. This plan has been partly confirmed by Peru's Energy Minister who said at a recent conference that production would start in December at 2,000 barrels daily. The company operating in Lot 67 is Perenco, which has head offices in London and Paris and is partnered 50% by the Vietnamese state oil company, PetroVietnam. 'We will not comment on specific dates but we have publically stated that commercial production is set to commence in 2013,' Nicolas de Blanpre, Perenco's Head of Communications, told The Guardian.Get the Story:
David Hill: Oil extraction to take place in proposed Amazon tribe reserve (The Guardian 11/26)
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