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Condor Energy Extends Peru Offshore Exploration with 3 Billion Barrels Potential
8:25am on Wednesday 23rd of July, 2025 AEST
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Energy
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Condor Energy Extends Peru Offshore Exploration with 3 Billion Barrels Potential
8:25am on Wednesday 23rd of July, 2025 AEST
Key Points
12-month extension granted by PeruPetro for TEA 86
Independent assessment confirms ~3 billion barrels prospective oil resources
1 trillion cubic feet contingent gas resource at Piedra Redonda
Extension supports technical de-risking and commercial planning
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