Scandoil  

Antilles Oil and Gas farms-out of Block 105, Peru


Published Sep 17, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

Antilles Oil and Gas NL

Antilles Oil and Gas NL is delighted to announce the farm-out of 50% of our acreage position in onshore Peru. The position is in the Titcaca Basin on trend to historic producing field Pirin in the block. Antilles has a fifty per cent equity holding in the block, which carries a work program of exploration drilling in the current exploration term. Partner Union will fund up to 75% of the well cost up to a cap of US$3m.

The Titicaca Basin has a proven source for the hydrocarbons both gas and oil in Block 105 Peru having sourced the Pirin oil field which produced in the 1900's. Oil seeps at the surface have been sampled over the block further proving the extent and presence of a working hydrocarbon/oil system. Large-scale reservoirs are interpreted from existing drilling creating along with the large-scale structures attractive resource potential.

Tags: Antilles Oil and Gas NL




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml