Occidental Drills First Well in Peru | Business and Finance News

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Recorded19 Aug 2026

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Occidental Petroleum is set to drill Peru’s first offshore exploration well in 2027, targeting the Trujillo Basin’s Blocks Z-61, Z-62, and Z-63 — a move that could transform Peru’s energy landscape by slashing its reliance on imports. Backed by a $40M seismic survey and a $100M investment, the project includes major partners Chevron (35%) and Westlawn (30%), with potential output of 150,000–200,000 barrels per day if successful — though only drilling will confirm the reserves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/211b8943452bb366

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