Petroperu signs agreement with Ecuador for use by the North Peruvian Pipeline

abarrelfull wrote on 11 Aug 2012 07:04
Tags: ecuador peru petroperu pipeline s-america

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On Wednesday Aug. 8, was signed in Quito, Ecuador, an agreement to promote and facilitate the transport of oil from the Ecuadorian southeastern North Peruvian Pipeline (ONP). The event will be held at the offices of the Ministry of Non-Renewable Natural Resources of Ecuador. The document will be signed by Pedro Mendez Milla, Petroperu General Manager and representatives of the Ministry of Oil, Ecuador (SHE). The Chairman of Petroperu Sanchez Humberto Campodonico said that this agreement reinforces the bonds of friendship and integration between sectors of hydrocarbons in Peru and Ecuador.

The agreement was the result of a process begun with the signing of a letter of intent on April 19, 2011 between the SHE and Petroperu, whose main objective was to determine the feasibility of transporting crude oil wells near the border with Peru through ONP. These lots are very close to the station beginning the North Branch of the ONP (Ando), so most likely the output of crude oil production is Peru. The feasibility study, completed in July 2011 concluded that the transfer of Ecuadorian oil by the ONP is technical, legal and environmentally viable.

For Ecuador, this agreement will increase the economic value of the deposits of southeastern Ecuador's upcoming auction, which have not been able to develop due to lack of crude oil transportation infrastructure nearby. These lots are near the border with Peru and specifically the North Branch and Station Andoas ONP.

For Peru, this project will increase the profitability of ONP also generate synergies with the proposed modernization of the Talara Refinery and refinery Miracle and Iquitos, they will receive future production of Lot 64 (light crude) by Talisman.

The ONP is one of the major works of the last century, the production, to December 2011, skirted the billions of barrels of crude oil, transported from the jungle to the coast, a distance of 1106km, of which 854km are the stretch Selva - Costa and others belong to the branch 252km north of Bayovar, in Piura.

This work, which spans all the natural regions of the country, was a challenge to engineering at the time. Its construction was regarded by experts as the second pipeline international regarding the difficulty in construction, after passing through the pipeline Alaska.

• Petroperu signs agreement with Ecuador for use by the North Peruvian Pipeline

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