Similarly, Lot IV, situated in Pariñas, Talara, will see a US$ 40 million expansion encompassing the enlargement of the water injection plant PIA 193 and installation of new battery plants (Oveja Alta and Fondo Alto), as well as new pipelines for oil and gas transport set for a 22-year lifespan. Construction is scheduled for a similar 32-month timeframe, with environmental approvals granted under comparable sustainability conditions.
In addition to facility expansions, UNNA has proposed relocating 184 development wells (94 in Lot III and 90 in Lot IV) approved initially in 2007, based on updated geological data aimed at enhancing hydrocarbon recovery prospects. This strategy involves repositioning wells to zones with improved production potential, underpinning UNNA’s efforts to elevate output efficiency in one of Peru’s primary oil-producing regions. Operating under a 30-year concession initiated in 2015, UNNA manages these assets independently from Petroperú, focusing on operational optimization and environmental compliance.
The company’s recent growth phases and infrastructure modernization in these key resource areas form part of a broader strategy within AENZA’s energy division to consolidate and expand Peru’s hydrocarbon production capabilities, complemented by a portfolio of five strategic terminals and gas processing facilities. These investments come amid fluctuating national oil production, which saw a modest 10.47% month-end increase in December 2023 but overall decline in annual output, underscoring the critical role of enhanced field management and infrastructure upgrades.
This article was curated and published as part of our South American energy market coverage.
