In the World of Offshore Peruvian Natural Gas, CNPC to Bet Big on Block 58

Posted on 05/24/2017

China National Petroleum Corporation (CNPC), a state-owned oil giant, announced plans to invest US$ 2 billion in an oil and gas block located in Southern Peru. According to the Peruvian government, block 58 has around 3.9 trillion cubic feet of natural gas reserves. CNPC owns 100% of block 58. CNPC looks to carry out capital […]