KAR 3.06% $1.74 karoon energy ltd

Swap to Spanish Karoon is one of the companies that has offshore...

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    Swap to Spanish
    Karoon is one of the companies that has offshore oil operations in Peru, mainly in Lot Z-38 in the Tumbes Sea, and to do so, to extract oil from that area, faces two challenges that the country has not been able to solve: Lack of infrastructure and poor logistics.

    During his presentation at Peru Energy 2017, Tim Hosking, general manager of Karoon for Peru and Brazil, said that in order to boost offshore activities in the country, many problems must first be solved.


    One of them is the capacity of the port of Paita, since they can not dock bigger ships and sometimes even imported equipment and necessary for the exploitation of crude in offshore operations.

    "The port of Paita is too small for offshore operations," the executive said.

    Another major challenge is the meager staff trained to maneuver a helicopter, which in the world is the main mode of transport to an offshore operation.

    However, he stressed that the costs of helicopter use are soaring in Peru as the nearest place to Tumbes to recharge its fuel tanks is Talara airport in the Piura region.

    "There are no helicopters for offshore activities in Peru," Hosking said.

    The executive of the Australian oil company said that a great challenge that Peru must solve is its efficiency against a hypothetical oil spill at sea.

    "There is a limited response from teams to an oil spill and trained personnel," he warned.

    Karoon is an oil and gas exploration company focused on South America, and is also the one that intends to drill the country's deepest offshore well this year.

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