Petroleum Production In Peru During 1923

THE main producing oilfields in Peru are located in the department of Piura and province of Thumbes, adjoining Ecuador on the south and west. In the department of Puno, a small field known as the Pirin or Hauncané Area was exploited some years ago by Fred Brown and associates and considerable production obtained. As. shown by the statistical table of production, this area reached its maximum production about 1909; since 1915, operations have been suspended. During the past year, however, the Peruvian Corpn. has acquired some interests in this section. It is reported to have made a few shallow tests with the hope of obtaining sufficient production to supply fuel for its railway lines, which operate between Mollendo on the coast and Puno and Cuzco in the interior. Only partial success has accompanied these efforts; nevertheless, exploitation is being continued. The petroleum of this region contains a paraffin base with small amounts of asphalt. While the gasoline content is small, the kerosene content runs as high as 30 per cent., with the fuel element varying from 50 to 72 per cent. While it is known that the structural conditions of the Huancané area are somewhat complicated, it is believed that exploitation based on a careful interpretation of the geology of the region will eventually yield commercial production of at least modest proportions. In the main fields in Piura and Tumbes, drilling operations were somewhat more active during the first half of the year, than in 1922. The latter half of the year witnessed curtailment, owing to the abnormal situation in the petroleum industry at that time. For the same reason, no attempt was made to obtain the maximum production from existing .wells. Production was pinched down and exportation of crude was correspondingly reduced during the latter half of 1923. Nevertheless, the total production of the Peruvian fields is considerably in excess of that for 1922, as is also the production of the Negritos area alone.