Latest Offshore Peru News

Condor Energy has wrapped up its Technical Evaluation Agreement work programme ahead of schedule, reinforcing the multi-billion barrel oil and gas potential in Peru's Tumbes Basin and setting the stage for licence conversion and strategic partnerships.

Condor Energy has agreed to acquire Jaguar Exploration’s 20% stake in the TEA 86 offshore Peru project, moving to full ownership. The deal, structured through performance shares, aims to simplify equity and support licence conversion and future partnerships.

Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.

Condor Energy has unveiled a significant upgrade to its offshore Peru portfolio with the addition of the Raya West prospect, pushing the Greater Raya area’s prospective oil resources beyond 900 million barrels. This milestone enhances Condor’s position as a major player in the Tumbes Basin exploration landscape.

Condor Energy Limited has advanced its offshore Peru portfolio with a new high-potential oil prospect and a strategic gas offtake agreement, positioning itself for future commercialisation in a promising basin.

Condor Energy has identified a promising new hydrocarbon prospect, Raya West, adjacent to its existing Raya Prospect offshore Peru, significantly enhancing its exploration portfolio with advanced seismic analysis confirming multiple stacked oil-bearing intervals.

Condor Energy secures a 12-month extension for its offshore Peru exploration block and validates the Piedra Redonda gas field as a key regional energy asset with multiple commercialisation options.

An independent study confirms Condor Energy’s Piedra Redonda gas field offshore Peru offers multiple viable pathways to early monetisation and long-term growth, positioning it as a strategic regional energy asset.

Winchester Energy reported steady oil production and revenue for the June quarter while resolving key legal disputes and undergoing significant board changes. The company also withdrew from costly Peruvian exploration plans, focusing on US operations and cost control.

Condor Energy’s maiden independent resource estimate confirms a multibillion barrel prospective oil resource offshore Peru, supported by enhanced seismic data and ongoing gas commercialisation studies.

Condor Energy has launched a comprehensive market and commercialisation study for its 1 trillion cubic feet Piedra Redonda gas discovery offshore Peru, aiming to chart a clear path toward development and partnerships.

Condor Energy has significantly enhanced its exploration prospects offshore Peru through advanced reprocessing of legacy 2D seismic data and a comprehensive geochemical review, boosting confidence in large prospective oil resources.