Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) is part of the Camisea Consortium and holds a 25.2% interest in the License Contracts related to the largest natural gas producing fields in Peru, the Camisea Fields; which include Block 88 and Block 56 in the Ucayali Basin of Peru. Block 88 is the largest source of natural gas production in Peru and also contains the largest number of Proved Reserves, while Block 56 is the second largest in Peru in terms of natural gas production and Proved Reserves. As a result of our 25.2% interest in the Camisea Consortium, we also hold a 25.2% interest in each of the facilities related to the Camisea Fields, including the Malvinas Plant, a natural gas processing plant near the Camisea Fields and the Pisco Plant, a liquids fractionation facility near Pisco, Peru on the Pacific coast.
On February 15, 2018 HOCP executed three technical evaluation agreements "TEAs" with Perupetro to perform seismic reprocessing and re-interpretation and other studies related to existing wells in three exploration blocks in the Ucayali Basin denominated as Blocks LXVI, LXVII and LXVIII. The TEA's have a 2 year commitment with the option to extend it for an additional year.
Finally, HOCP held 33% of the License Contract for Block 76 which was returned to the Peruvian Government in August 2017. Currently, the activities on Block 76 are focused on the abandonment plan according to commitments pursuant to the environmental impact assessment.
E-mail: Alice Lopez
Investor information link: https:huntconsolidatedinc.sharepoint.com/sites/External/HOCP-IR
Hunt Oil Exploration and Production Company of Peru L.L.C., Sucursal del Perú (HOEP) is an oil and gas exploration company and serves as the operator of the License Contract for Block 76, which was returned to the Peruvian government in August 2017. Currently, the activities on Block 76 are focused on the abandonment plan according to HOEP's commitments pursuant to environmental impact assessment.
Block 76 is located in a highly complex geological area between the Andes Mountains and the lowland tropical forests of Peru. HOEP embraces Hunt Oil Company's commitment to operating in an exemplary manner, minimizing impacts and applying the highest environmental, social and technological standards.
Hunt LNG Operating Company operates the first and only LNG plant in South America and its 408 kilometer gas pipeline, which runs across the Peruvian Andes to the central coast of Peru. The company's main activity is to maintain and process natural gas and transform it to liquefied natural gas. The plant is owned by PERU LNG, in which Hunt Oil Company has 50 percent of shares, and its operations surpass the highest national and international standards of best practices in technical, safety, social and environmental aspects.