Sagari field will produce 5.6 million cubic meters of gas per day

Spanish oil and gas firm Repsol has commenced production from the Sagari gas field, located in block 57 of the Cusco region, Peru.

The Repsol-operated field is situated in one of the areas with the highest gas production potential in Peru and was originally discovered in 2012.

“The Repsol-operated field is situated in one of the areas with the highest gas production potential in Peru and was originally discovered in 2012.”

The company estimates that production from the field could increase the block’s total production capacity by 25%.

Sagari field is anticipated to produce 5.6 million cubic meters of gas per day, starting this month.

The expansion in the block’s production will be equivalent to one fourth of Peru’s natural gas demand, the company noted.

Repsol owns 53.84% stake in Sagari field, while China National Petroleum (CNPC) owns the remaining 46.16% interest.

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According to preliminary estimations, the field holds between one and two trillion cubic feet of gas resources.

Repsol performed production tests at depths of between 2,691m and 2,813m in 2012 and produced gas flows of 26 million cubic feet of gas with 1,200 barrels of condensate per day in one formation, and 24 million cubic feet of gas with 800 barrels of condensate per day in the other.

The company has been operating upstream and downstream businesses in the Peruvian market for the past two decades.

Repsol possesses the mineral rights to four blocks in Peru, including three exploration blocks with a net surface area of 13,185km2 and one production / development block.