Spanish company Cepsa will in coming days begin seismic acquisition on Peruvian block 131 in the Ucayali basin.The energy and mines ministry approved the EIS for the work last month, state news agency Andina quoted Cepsa Peru general manager Antonio Masias as saying.
The work will entail the acquisition of 564km of 2D seismic, BNamericas reported previously.
The company will invest around US$10mn on the 4-5 month campaign, said Masias, adding that drilling could begin in 2012 following approval of a separate EIS.
The project would be developed if reserves of 20M-30Mb are found, according to the executive.
Masias also announced that Cepsa is considering participating in the E&P round for 25blocks.
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