A total of US$38.7 million was invested in the exploration and exploitation of hydrocarbons (Upstream) in Peru last August, the National Society of Mining, Oil and Energy (SNMPE) reported Tuesday.
Exploratory activities were allocated US$1 million, whereas the remaining US$37.7 million was invested for
hydrocarbon exploitation purposes.
According to the guild, the amount (US$38.7 million) spent last August was 102% greater than the figure recorded in the same month in 2016 (US$19.2 million), and 16% higher compared to July 2017 (US$33.3 million).
Wells
On the other hand, SNMPE indicated that a total of 16 wells were drilled in September 2017, being the same amount as that registered last August. It must be noted 15 of them are development wells.
In addition, a new exploratory well was drilled (Block 131), thus leading to four over the last 12 months.
(END) CNA/MVB