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Condor Energy Uncovers Vast Deepwater Reservoirs, Paving Way for Peru Drilling

8:26am on Thursday 26th of March, 2026 AEDT Energy
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Condor Energy Uncovers Vast Deepwater Reservoirs, Paving Way for Peru Drilling

8:26am on Thursday 26th of March, 2026 AEDT
Key Points
  • Large-scale deepwater sand-rich reservoirs confirmed across TEA-86
  • Integrated seismic and geological studies accelerate exploration progress
  • Reservoir systems analogous to major discoveries in Namibia, Guyana, Angola
  • Supports application to convert Technical Evaluation Agreement to Licence Contract
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