PetroTal Corp Expands Presence in Peru with Block 131 Acquisition. PetroTal Corp has successfully acquired Peru Block 131, significantly expanding its presence in the region. The acquisition includes a 100% working interest in the block, boasting an average production of 817 barrels of light oil per day.
Located in Peru, Block 131 offers substantial growth opportunities, with its on-site infrastructure capable of supporting up to 5,550 barrels of oil per day.
This acquisition enables PetroTal to diversify its production base in Peru and establish a new platform for future growth.
Key aspects of the acquisition include:
- Enhanced production capacity with an average output of 817 barrels of light oil per day
- Significant growth potential, with infrastructure supporting up to 5,550 barrels of oil per day
- Diversification of PetroTal's production base in Peru
- Establishment of a new platform for future production and reserves growth