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Peru: PetroTal announces Q1 2021 operations update
07 Apr 2021
2021 drilling program underway, Q1 2021 4H workover successfully completed, and Q1 2021 exit production on budget
PetroTal has announced an operational update for Q1 2021. All currency amounts are in United States dollars (unless otherwise stated).
Highlights:
PetroTal has commenced its 2021 drilling program by spudding the first well ( 7D ) on March 29, 2021, with expected completion the first week of May 2021;
Successfully completed the workover of well 4H on time and under budget;
Continued the installation of expanded production facilities ( CPF-2 ) that have arrived at the field with start-up dates finalized;
Achieved Q1 2021 exit production of 8,275 barrels of oil per day ( bopd ) with Q1 2021 production averaging approximately 7,300 bopd;