Brazil, Colombia and Peru Agree to Look for Oil in Peru’s Amazon

    Oil exploration in Bolivia Amazon

    Oil exploration in Bolivia Amazon Government oil corporations from Brazil, Colombia and Peru signed Thursday, November 22, an agreement in Lima, capital of Peru, to jointly invest in the exploration and production of hydrocarbons in the Peruvian Amazon.

    The three corporations, PetroPeru, Ecopetrol and Petrobras will hold an equal share of the undertaking beginning with exploration tasks in an area of 5.7 million hectares in the Peruvian jungle to the north of the country next to Colombia.

    Javier Gutierrez Ecopetrol CEO said at the ceremony he was proud that the first overseas incursion of Colombia's oil company was in neighboring Peru together with other regional companies.

    Petrobras will be the operator and responsible for assessing the hydrocarbons potential of the Amazon basin in Peru. Peru has extensive gas resources in the south which are being exploited and Colombia also has oil and coal.

    Petroperu is Peru's leading corporation and is involved in upstream and downstream operations and its main competitor in the country is Repsol-YPF.

    Brazil's Rainforest

    Environmentalists all over the globe are concerned that the Brazilian Amazon, one of the last untouched areas of the world's largest wilderness will be spoiled by oil prospection. Brazil has announced plans to search for oil and natural gas in the country's remote western Amazon.

    Brazil's National Petroleum Agency, ANP, plans to invest an estimated US$ 30 million to look for oil and gas in Acre, an Amazon state bordering Bolivia, the government news agency Agência Brasil announced Saturday, October 20.

    ANP director, Getúlio Silveira Leite, told a congressional committee that the work in Acre is part a broader push to find oil in the Amazon, according to the official news agency.

    "We must increase research in the region to discover the petroleum potential of the nine Amazon states," Silveira Leite said.

    But environmental officials said no study had been done to assess how the search will affect the Amazon. The region covers some 4 million square kilometers (1,544 sq miles) but its natural resources are under constant pressure from loggers, miners and farmers.

    "It's necessary to examine how this will be done, on what scale and in what areas," said João Paulo Capobianco, the Environment Ministry's executive secretary. "In theory, there are methodologies and technologies that allow this activity without environmental damage."

    The Acre state Federation of Industries has endorsed the project, but some in the region question whether the government will take care to preserve the environment.

    "Development brings damage," Acre congressman Marcelo Serafim said. "It destroyed the Atlantic forest, it ruined much of the Pantanal (wetlands), and that's not what we want or defend."

    But Serafim added: "If the Brazilian government and the world want the Amazon preserved, the world has to give us conditions to preserve the Amazon. And it hasn't."

    Brazilian government managed oil company Petrobras currently produces oil and gas in the Amazon city of Coari. The federal government is also building a pipeline through the rainforest to carry the gas to the Amazonas capital of Manaus, a city of 1.5 million.

    Mercopress

    Tags:

    • Show Comments (1)

    • Forrest Allen Brown

      conditions —— brazilian transulation GIVE US MONEY
      the atlantic rain forest was striped of trees sold by greedy brasilians too the person with the most cash

      not the worlds fault , brasil fault

      the pantanal backfilled pumped dry striped of any value then builders built what ever they wanted
      and again sold to the one with the most money , again brasil at fault

      loggers ,miners , farmers again all brasilians
      if not for the big payoffs to brasilian in power there would be no deforestation
      the farmers could not just clear cut land that does not belong to them
      the miners have been there for decades and the goverment of brasil makes money off them

      in an earlier post in this same paper brasil said the amazon belonged too brasil
      and the world should keep its hands off.
      and now they want conditions from the world

      oil reserach does not have to be a clear cut path or outright distructions of the forest
      start with pic from space ,pick your spot do a small light rig drill as a test well if it proves out
      then pick a place set up drill down and turn left too bet best horzintal run
      even if you have to drill down 10,000ft you can still go horazintal another 13,000 ft
      that is almost 3 miles and if the soil conditions are right you can even go i belive up to 18,000 ft

      that si a 6 mile circle with the rig in the middle , nhen build your pipe line down the road
      you came in on

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    U.S. Consumer Price Hike Depresses Brazil Market

    Brazilian and Latin American equities gave back most of the gains earned yesterday. A ...

    Russia’s 50% Discount Allowed Brazil to Send Its First Astronaut into Space

    On March 22, Brazil will, for the first time, send an astronaut, lieutenant-coronel Marco ...

    Brazilians Indians from Raposa Serra do Sol, in Roraima state

    Fearful of Losing Land Brazilian Indians Take Their Case to London

    A video released by the Brazilian Indigenous Council of Roraima  (CIR) and Survival International, ...

    MSC Oriane

    Brazil Sends Back to UK 1,500 Tons of Dirty Diapers and Used Condoms

    The Brazilian government announced it has returned 1,500 tons of hazardous waste that arrived ...

    Brazil currency, the real

    In Effort to Curb the Real Brazil Taxes ADR

    The Brazilian government has just taken another measure aimed at containing the appreciation of ...

    Lula’s Rise in Popularity Doesn’t Offset Brazil’s Stock Market Losses

    Brazilian stocks and those from Latin American in general retreated, as investors continued to ...

    Brazil Condemns Religious Thought That Prevents AIDS Treatment

    Representatives of 19 Latin American countries gathered in Brazil since Thursday, January 12, began ...

    Brazil’s TAM Sells US$ 457 Million in Bonds to Finance Expansion

    Brazil’s largest airline company, TAM, in a push to finance the expansion of its ...

    Brazil to Shift to Domestic Providers in Oil Sector

    A meeting with large companies in the oil and gas sector could generate business ...

    Brazil and Arabs Break New Trading Records

    Trade between Brazil and the Arab countries broke new records in July. Bilateral trade, ...