Baron Oil’s EIA Approved for Block Z34 (Peru)

Baron Oil  announced that the Environmental Impact Assessment (“EIA”) has been approved by the Ministry of Energy and Mines.

The license is now in the third phase out of five exploration phases. The third phase consists of 720 working units or 1 exploration well. The period is eighteen months. No further “EIA’s” will be required in the upcoming phases.

Baron Oil has a 20% carried interest in the three remaining phases and is the operator of the block.

Baron Oil is planning to have meetings shortly with their Partner, Union Oil and Gas Group, how to proceed forward in the 3rd phase.

Z34 is located within the Talara Basin offshore North West Peru and Baron’s block covers a very large area of 3,713 sq km.

This highly prospective basin has historically produced more than 1.6 billion barrels of oil and most of the remaining potential is believed to be in the offshore area of the basin. The block is bordered to the east by Block Z2B which has been in production since the early 1950’s.

Karoon Oil and Gas, operator of the adjoining block Z-38, has announced that it will start a drilling campaign soon in their block.

Press Release, June 09, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply