Gold Oil looks for partners on Block A-34 offshore Peru

Source: Gold Oil

Gold Oil continues farm-in discussions for Block Z34, located in the offshore Talara Basin, Peru. The company has received interest from a number of international oil companies.

Gold Oil continues to evaluate historic 2D seismic data and proposes to acquire 3D in 2011 with its chosen farm-in partner(s).

The company notes some recent speculation about the status of the license and confirms that Gold continues to meet the contractual obligations of the license and retains its 100% interest.

Gold Oil Peru SAC received notification from the DGAAE (department for environmental and social permits within the Ministry of Energy and Mines) that the latest set of requests from the regional governmental institutions needed to be answered in order to finalise its PMA (environmental management plan approval) process. Gold requested additional time to get the replies back to the regional institutions, but this request was denied by the ministry.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs