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Pacific Exploration and Production Corp (PRE.T)

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Last Post: 1/18/2016 4:12:23 PM - Followers: 0 - Board type: Free - Posts Today: 0

Pacific Exploration and Production Corporation is a Canada-based company engaged in exploration, development and production of crude oil and natural gas. The Company's producing fields are located in Colombia and Peru. As of December 31, 2014, it drilled or was a partner in 56 wells consisting of 27 exploration wells, 25 appraisal wells and four stratigraphic wells. Its projects include Bicentenario pipeline, PEL-Power transmission line project, Small-scale liquefied natural gas (LNG) project, Water treatment for agricultural development, Puerto Bahia project and OLECAR. As of December 31, 2014, it has completed Phase I of the Bicentenario Pipeline project and approximately 17.7 Million barrels (MMbbl) was pumped through the pipeline. Its CPE-6 Block covers an area of over 600,000 hectares and is located at the southwest of the producing Rubiales and Quifa SW heavy oil fields. It also has assets in Guatemala, Brazil, Guyana and Papua New Guinea.
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