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Project Information

BLOCK 105
  • Located in the Titicaca Basin in Southern Peru
  • Initial on-shore prospective resource of 29.6 million barrels
  • New 2D seismic will aim to define major new targets
  • Low costs associated with operations allow for rapid development of potential resources & attractive returns in the current oil price environment
  • Close to local infrastructure including a major railroad, rail link and the South Peru Gas Pipeline Project due for completion in 2019
  • Oil seep sampling has identified the presence of a working hydrocarbon system at the block
  • Historic production has included the Pirin field which produced over 300,000 barrels of oil in the 1900’s
  • Potential to farm out to attract an operator via established relationships from Antilles team to lower risk and exposure
  • Drilling event will aim to deliver significant value

Click here for further information on Block 105.