Peru Oil and Gas Report - Business Monitor International - Industry Reports

Peru Oil and Gas Report

Peru Oil and Gas Report - Business Monitor International - Industry Reports
Peru Oil and Gas Report
Published Oct 08, 2016
93 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Key developments in the Peruvian oil and gas sector: Peru will remain among the region s brightest economic growth stories through ----, as production growth in the mining sector and strengthening public investment lead accelerating economic activity. In recent quarters, growth has accelerated largely due to the beginning of production at Las Bambas, a massive copper mine set to rank among the world s three largest when it reaches full production capacity later this year. ...Key developments in the Peruvian oil and gas sector: Peru will remain among the region s brightest economic growth stories through ----, as production growth in the mining sector and strengthening public investment lead accelerating economic activity. In recent quarters, growth has accelerated largely due to the beginning of production at Las Bambas, a massive copper mine set to rank among the world s three largest when it reaches full production capacity later this year. The election of Pedro Pablo Kuczynski in June formally began an administration that will solidify Peru s business-friendly reputation. ...We expect the completion of the Southern Gas Pipeline (GSP) will be delayed to ---- following the exit of its constructor, Odebrecht, the owner of a -- stake in the project. The GSP - which is currently -- completed - is expected to supply feedstock to two thermal power plants currently under construction in

...In May, Peru s Ministry of Energy and Mines (MEM) released its ---- hydrocarbon reserves document, highlighting that efforts to increase proven reserves within the current operating environment have been unsuccessful. -P reserves fell for a second consecutive year, according to government data. ...In August, a bill to increase the state s sovereign ownership of oil and gas resources was introduced to congress. The proposed legislation aims to boost the government s control of the resource base, threatening upstream development investments from the private sector. Government authorities are requesting additional information pertaining to Olympic Peru s proposed US $---mn drilling program in the Sechura basin. ...Government authorities are requesting additional information pertaining to Olympic Peru s proposed US $---mn drilling program in the Sechura basin. The project includes one exploration and --- development wells as well as production facilities at block XIII-B in the Piura region.

...As of year-end ----, Peru s proven reserves were reported at ---mn bbl of oil and ---bn cubic metres (bcm) of natural gas, ranking it among the lowest levels in the region. Peruvian state hydrocarbons agency Perupetro struggled to advance two bidding rounds in ----, one for seven blocks in the vast Amazon region and another for the important Block --- (formerly known as Block --AB) in the wake of heightened indigenous protests. ...

  
Source:
Document ID
1748-4154
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Peru Oil and Gas Report" Oct 08, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Peru-Oil-and-Gas-Report-2026-397>
  
APA:
Business Monitor International - Industry Reports. (2016). Peru Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Peru-Oil-and-Gas-Report-2026-397>
  
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