In 2016 our presence in Peru was focused on our Upstream and Downstreambusinesses.
Net surface area
of mineral rights
barrels of oil
equivalent per day
Net proved reserves
million barrels of oil
equivalent per day
As of December 31st, 2016, we owned mineral rights to five blocks in Peru: three exploration blocks with a net surface area of 13,185 km2 and two production/development blocks with a net surface area of 202 km2.
In 2016, net hydrocarbon production totaled 16.9 Mboe (46,286 boe/d) from blocks 57 (Kinteroni), 56 and 88 (Camisea field). Net crude production totaled 4.8 Mbbl —including condensates and liquids—and 68.0 bscf of natural gas. Net proved reserves of crude and gas were estimated to be 434.2 Mboe at year-end.
- In April, upon completion of the increase in transportation capacity of the TGP duct from 1.23 billion cubic feet/day (Mscf/d) to 1,540 Mscf/d, gas deliveries from Block 57 to Block 56 increased from 85 Mscf/d to 160 Mscf/d. Gas from Blocks 57 and 56 is fully destined to export. Block 57 is located in the Ucayali-Madre de Dios basin, one of the most prolific gas areas in Peru. Repsol is the operator, with an ownership interest of 53.84%.
- Under the Development and Production Program of the Sagari find in Block 57 (Peru), the Sagari 8D and Sagari 7D development wells were completed. The campaign is expected to end in 2017 with the completion of the Sagari 4X well (which was the discovery well). In October 2015, the Final Investment Decision (FID) for this find was approved and in September 2016 the contract was awarded for the construction of the surface facilities and evacuation ducts.
- The other major find in Block 57, Kinteroni, commenced production in March 2014. The Block 57 compression project was approved in 2016. This block is one of the company's largest projects. Kinteroni was discovered by Repsol in January 2008 and represented one of the greatest finds in the world in that year. The discovery of Sagari was made in 2012.
We are the operators of the La Pampilla Refinery, located in El Callao, with a 82.83% stake since 1996.
In October 2016, the Low-Sulfur Diesel production module of the refinery was commissioned, a project which involved in investment of 470 million dollars, placing it at the head of the most cutting-edge facilities from an environmental standpoint.
In 2016, La Pampilla achieved a refining capacity of 117,000 daily barrels.
We supply, market and transport oil worldwide through our commercial office in Lima.
Distribution network of
In 2016, we had a network of 440 service stations through which we market products and offer our customers complementary services.
Sale and distributionof lubricants through our commercial office.
Information on net production, net proved reserves, and mineral rights as of December 31st, 2016