12 November 2020
The Northwest onshore area of Peru began its oil development at the end of the 19th century, with the participation of private and national companies until July 1973, when Petróleos del Peru S.A. (PETROPERU S.A.) was created, carrying out the exploration, exploitation, refining, commercialization and development of the oil and derivatives industry in the country.
Until 1993, more than 10,300 wells were drilled in a surface area of 450,103 Ha in the Northwest onshore zone, registering an oil production of 25,000 bopd. As consequence of the privatization, from 1993 to the present, 2,200 wells were drilled in the Northwest, registering an oil production of 24,805 bopd (lower than 1993) and 5,380 active wells
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