Page 17 - LatAmOil Week 30

LatAmOil NEWS IN BRIEF LatAmOil

UPSTREAM Environmental Agency (ANLA). approximately 4,180 bpd. Taking into account
The approval of the DP by the ANH and of that the field has been shut-in since early May
Interoil resumes EIA by the ANLA are mandatory steps in grant- 2020, average Q2-2020 production for the
ing the Exploitation Concession for the Vikingo period the oilfield was producing represented
production at Vikingo-X1 Discovery. Interoil has been working in the approximately 11,500 bpd.
Bretaña oilfield: On May 7, 2020, PetroTal
preparation and submission and expects their
Interoil has announced the reopening of Vikin- approval in the coming weeks. Despite Interoil’s announced that it had temporarily shut in the
go’s operation after its temporarily closure on expectations, however, there could be delays in Bretaña oilfield operations in response to a
May 19, 2020, due to the effects of the COVID- the approval process by either the ANH and/or directive issued by the Peruvian government’s
19 pandemic with the lock-in effect in place. the ANLA, leading to a possible request by the health department related to COVID-19 pre-
Since last Monday, July 20, 2020, Vikingo’s pro- ANH to suspend Vikingo’s production until vention, that resulted in the operator of the
duction has reached a stable flow of 250 barrels both the DP and EIA are duly executed and ONP (Petroperu) having to shut down pipeline
per day (bpd) of oil. This production represents approved by relevant authorities. operations. The Bretaña oilfield was producing
a 25% rate increase over Vikingo’s production Leandro Carbone, CEO, commented: “We approximately 11,500 bpd prior to being shut
prior to its shut-in. are [satisfied] with Vikingo’s flow rate after its in. PetroTal used this period to perform mainte-
Production increase at reopening is prom- re-opening, and we are confident in the results nance operations and effected improvements to
ising and comes at odds at what is regularly reached from a technical standpoint because the production facilities.
assumed in a well reopening after a shut-in they are converging towards a prolific hydrocar- In anticipation of the re-opening of the ONP,
period as long as Vikingo’s closure, where it bon potential within LLA-47 block.” Bretaña oil production recommenced on July
would be most likely to expect a small reduction Interoil, July 27 2020 15, 2020, and reached over 12,000 bpd when all
in the flow rate when bringing the well back to seven wells were online.
production. The fact that Vikingo’s production PetroTal restarts Crude oil production is the basis for royalty
has stabilised with a 25% positive increment is calculation purposes by Perupetro, the Peruvian
encouraging and indicative of a potential higher production at Bretaña government agency responsible for collecting
drainage area than that initially anticipated when the royalty payments, and such volumes are
decision was made to drill this well. PetroTal has provided an update on operations reported on its website. The website reports all
This production flow increment is in line with at the Bretaña oilfield which, as previously indi- crude oil production in Peru, of which the Block
the conclusions reached by Interoil technical cated, recommenced in mid-July. 95 reference is the Bretaña oilfield. The reported
team after the analysis of the last build-up test Highlights: PetroTal has implemented strin- crude oil volumes do not include the approxi-
earlier this year, in the sense that Vikingo’s drain- gent testing measures and modified operating mately 4% of natural gasoline blended into the
age radius is bigger than initially anticipated. The procedures to ensure the safety of its workers; the Bretaña crude oil to meet the required viscos-
increase also allows Interoil to remain positive Bretaña field restarted operations on July 15th, ity specifications, especially those at the ONP;
about the LLA47 petroleum potential. 2020 and production has returned to pre-shut- hence oil sales volumes are slightly larger than
In relation with Vikingo’s declaration of down levels of 11,500 barrels per day (bpd) of the crude oil volumes reported by Perupetro.
Commercial Discovery, Interoil shall submit oil, exceeding 12,000 bpd when all seven wells Oil deliveries have already commenced to the
two documents before regulatory authorities: (i) are online; oil deliveries have commenced to Iquitos refinery and approximately 40,000 bar-
a Development Program (DP) to be filed with the Iquitos refinery and deliveries to the North- rels are expected be delivered during July 2020.
the Colombian National Hydrocarbons Agency ern Oil Pipeline (ONP) at the Saramuro Pump Oil is being barged to the Saramuro Pump
(ANH) and (ii) an Environmental Impact Study Station are expected to commence in early Station, ready to be delivered into the ONP
(EIA) to be filed with the Colombian National August 2020; and Q2-2020 production was immediately at its recommencement of its oper-
ations, expected in early August 2020. To man-
age the Company’s inventory and barge storage
capacity, Bretaña production has been reduced
to approximately 8,000 bpd pending the restart
of the pipeline.
Workforce and Community Safety: PetroTal
has implemented a stringent COVID-19 safety
protocol, which has been reviewed and approved
by PetroTal’s HSE-CSR Board Committee as
well as Peru’s Health Ministry. PetroTal’s pro-
tocol includes appropriate distancing, use of
facemasks at all times, temperature checks three
times a day, rapid tests before entering the field
and then in Bretaña camp every three days, each
person having their own room, constant disin-
fection of all spaces, and a doctor and two nurses
on location to supervise. While the workers from
the Bretaña community stay at the camp during
their rotation, the crew of all oil transport barges
do not enter the camp, though they are subjected
to the same protocol every time a vessel arrives
at Bretaña.

Week 30 30•July•2020 www. NEWSBASE .com P17