Iquitos is the nearest major urban centre and has its own refinery
Petrotal exceeds expectations in Peru
The Calgary-based operator has managed to sidestep midstream challenges, charting a course to significant production gains
Peru-focused operator Petrotal expects to almost double production going into next year after outperforming Q2 guidance by 2pc. The company’s drilling campaign is projected to lift total output to c.20,000bl/d, up from a base of 10,000-11,000bl/d in 2021. The onshore Bretana field in block 95 is driving production growth. First oil was achieved in 2018, and output is projected to hit 13,000bl/d in just 18 months. Eight wells are producing and a ninth was deployed in July, first production from which is expected in early September. A final well is planned by year-end. “The Envidia prospect requires additional seismic for us to feel confident that we should drill it” Zuniga, Petrotal CEO
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
