Peru: oil discovery promises energy independence

science | Aug 26, 2013 | By Martin Barillas

An oil discovery in the Amazonian region of Peru promises to produce 40,000 barrels of crude per day, according to Ollanta Humala, president of the South American republic. Speaking on August 23, Humala said that the newly discovered deposit, found near the city of Iquitos, may foster energy independence for Peru.
 
“We have a consumption deficit of more than 150,000 barrels per day; therefore, this will aid in strengthening the concept of energy security,” said Humala at Bretaña Norte 95-2-1XD sector of the oil field. He noted the importance of using the tried and true energy resources of Peru, while also saying that renewable energy should also be promoted. “It has to be understood that the main source of energy consumption in Peru is petroleum,” said Humala.
 
Humala said that foreign investment will be necessary to foster the development of petroleum resources, but with respect for the environment. Humala said he favors modern methods of petroleum extraction that develops human resources, protects the environment, and done according to international standards. He added that petroleum resources should be developed without looking back to the past, when oil development was done under difficult circumstances.
 
According to data provided by the government-operated Petroperú company, Peru’s oil production reached 64,000 barrels daily during the month of June this year.

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Spero News writer Martin Barillas is a former US diplomat, who also worked as a democracy advocate and election observer in Latin America. His first novel 'Shaken Earth', is available at Amazon.

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