PetroTal sets production record despite sabotaged pipeline

Published by Sara Simper, Editorial Assistant
World Pipelines, Friday, 07 July 2023 12:00

Houston-based PetroTal, an E&P focused on Peru, reported record production in the 2Q23 despite the closure of a pipeline that has been subjected to repeated attacks.

Production was cut by 25% in the quarter due to the ongoing closure of the Northern Peruvian Pipeline, as well as six days of planned maintenance. PetroTal has moved its oil through Brazil during the closure. The pipeline was cut in more than 50 points in 14 attacks in 2022. Prosecutors have not indicated who is responsible for the attacks.

The company is refocusing its drilling to two wells in the Bretaña region. It expects to begin drilling its 16H well late in 3Q23 as long as oil prices support production. The company also appointed Felipe Arbelaez Hoyos to its board. Arbelaez Hoyos is Senior Vice President of hydrogen and carbon capture systems for BP Energy.

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