Pluspetrol to Invest $500 Mln in Peru Natgas Block

Source: Reuters 8/4/2014, Location: South America

The Camisea Consortium, led by Argentine energy company Pluspetrol, said it plans to invest $500 million in the next two years to explore and develop natural gas block 88 in southern Peru.

Blocks 88 and 56, both managed by the Camisea Consortium, hold some 13 trillion cubic feet of proven natural gas reserves, according to data from the energy and mines ministry.

Repsol, Hunt Oil, SK Innovation, Sonatrach and Tecpetrol are also partners in the consortium.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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