Page 13 - LatAmOil Week 37

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The La Isla refinery has a capacity of 350,000 bpd (Photo: Curaçao Chronicle)
Shell is contracted to buy all the output from the PLNG’s $4bn terminal is capable of turning
Peruvian plant on a free-on-board (FOB) basis. out 4.45mn tonnes per year (tpy). Its output lev-
The consortium’s liquefaction plant is located els have been affected by several spills and shut-
in Pampa Melchorita, on the Pacific coast. It downs along the pipelines that transport gas
started operating in 2010 and handles produc- from the Camisea fields in recent years.
tion from onshore and offshore fields. The decline in world oil and gas prices has
The offshore feedstock comes from the reduced PLNG’s payments to the government
giant Camisea field, which is believed to con- this year, Fitch said.
tain around 11 trillion cubic feet (312bn cubic It stressed, though, that it still expected Lima
metres) of gas. They became operational in to earn a significant amount of money from
August 2004 and are operated by the Argentin- LNG production.
ian firm Pluspetrol. “The government still stands to receive
Meanwhile, the onshore feedstock comes between $100mn and $150mn annually over
from fields in the Cusco region that are being the medium term related to both natural gas
developed by YPF, Argentina’s NOC, and Repsol production and ... associated liquids from Block
of Spain. Gas from these sites flows through a 56 in the Camisea field,” the agency said.
34-inch (860-mm) pipeline that follows a 408- “PLNG consumes approximately 50% of
km route from Chiquintirca, a town in the Aya- Camisea’s natural gas production, exporting to
cucho region, to the LNG plant. This facility also international markets almost all of its produc-
includes a storage depot with two 130,000 cubic tion, contributing to the country’s monetisation
metre tanks. of its liquid resources,” it added. ™

SURINAME
Apache reports hydrocarbon shows in

two intervals of latest well at Block 58

US-BASED Apache says it has encountered Overall, it said, the well has 278 metres of net
hydrocarbon shows in both the Campanian and play, including 63 metres of net play from crude
Santonian intervals of its latest well at Block 58 oil and 86 metres of net play from a volatile mix
offshore Suriname. of crude and gas condensate in the shallower
In a statement dated September 14, Apache Campanian layer. Fluid samples taken from this
confirmed that it had “discovered hydrocarbons interval showed that Kwakwasi-1 held oil with
in multiple stacked targets in the upper Creta- specific gravities of 34-43 degrees API, it added.
ceous-aged Campanian and Santonian inter- Apache also noted that the deeper Santo-
vals” of the Kwaskwasi-1 well. The company nian layer had 129 metres of net play. It did not
first announced the find on July 29 but has now provide any further information on the types of
provided more detail on the results of its drilling hydrocarbon shows it had encountered at this
programme. depth.

Week 3 17•September•2020 www. NEWSBASE .com P13