As of 20 July 2020, Olympic Peru continues to look for partners in the onshore Block XIII B located in the Sechura Basin. The block has been available for farm-out since 2010. Multiple wells have been drilled on the block by various operators over time.  A table showing exploration drilling over time is provided below.          Historical Exploration   Drilling on Block XIII B         Â          Â          Â          Â          Â              Operator Name         Well Name         Spud Date         Completion         Td Feet         Td Meter         Technical Status             International Petr         Expectivia 1-X         4-Mar-54         2-Apr-54         5686         1733         P&A dry             Olympic Peru Inc         Rio Loco 1X         2-Feb         31-Dec-02         4711         1436         P&A gas             International Petr         Viru 01         8-Aug-53         4-Dec-53         7323         2232         P&A dry             International Petr         Viru 02         25-Sep-56         13-Oct-56         5983         1824         P&A dry             International Petr         Viru 05-X1         22-May-54         18-Jul-54         8063         2458         P&A dry             Source: IHS Markit         Â          Â          Â          Â          Â          Â©   2020 IHS Markit        Â   Geology  The Sechura Basin is situated in northwestern Peru, mainly onshore (about 19,000 sq km), but it extends southward into the offshore (almost 10,000 sq km out of the 500-m isobath). It is located along the desert of Sechura plain, between the Western Cordillera and the coastal range/outer shelf high. The basin is limited by basement highs in the north and south. Occasionally, the Sechura Basin is considered as a north continuation of the Salaverry Basin (Zuniga-Romero et al., 1998). Numerous fault structures ranging from intense to moderate are present in the Sechura Basin. Structures were formed and reshaped in response to multiple episodes of extension, compression/inversion and wrenching. There are extensional and growth faults, strike-slip faults, structural rollovers and a few thrusts. Normal faulting has been active since at least Late Cretaceous time, and probably earlier. It has created a basin of complexly faulted sedimentary blocks. Seismic data indicate that faulting is more intense offshore, especially on the west flank of the Coastal Range. (except from the IHS Markit Basin Monitor)
(Sechura b.) Block XIII-B operated by OLYMPIC (51%), ENEL AM (41%), Cdc Group (6%), GOVT NO (2%), Olympic Peru continues to look for partners in the onshore Block XIII B, available for farm-out since 2010. Multiple wells have been drilled on the block by various operators over time. 