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Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
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As of December 2011, 80% of the company's 407 mboe 2P reserves are in oil with most of the other 20% in natural gas, 317 mboe are proved reserves. [3] On March 28, 2011 gross reserves were at 357.39 million boe 87% of which is net reserves. [13] By June 2011 net proved reserves were 350 million boe up 15% or 40 million barrels in six months. [14]
The appointment represents a return to Peru's ministry of mines and energy for Montero who, according to his LinkedIn profile, served as Peru's vice minister of mines from November 2020 to August ...
Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. 2 copper producing nation, even as executives ...
The Lobitos oil spill occurred on December 21, 2024, during pre-shipment maneuvers for oil on the Polyaigos vessel at the Talara Refinery underwater terminal, managed by Petroperú in the district of Lobitos, located in the province of Talara in Piura, Peru. The presence of hydrocarbons was detected during certification for loading procedures.
Peru, the world's No. 2 copper producer, fell into a recession this year due to the El Nino weather phenomenon, lower private investment and lingering effects from anti-government protests late ...
In 2006, Peru's total trade balance recorded a surplus of about $8.9 billion, compared with $5.3 billion in 2005, which increased by almost 68% compared with 6.6% in 2005. Peru's minerals sector had a trade surplus of $16.2 billion compared with $11 billion in 2005. [11] In 2006, mining was the main exporting sector of the country.