PetroTal
Operations
Focused on Peru
Bretaña
Large oil field with first production in June 2018
- 3D seismic acquired in 2014
- Five wells define structure and continuity of reservoir
- 100% oil production with nominal gas
- First production initiated in June 2018 on time and under budget
- Capex of $18.5 million to first oil – 25% under original budget
Development Plan in place
- 2023 budget of $125 million with an average production target of 14,500 bopd in 2023
- Infrastructure and export routes in place – established barging and pipeline route to tide-water market
Exploration upside on trend
- 5 exploration prospects / leads on trend with Bretaña