As of 20 July 2020, Olympic Peru continues to look for partners in the onshore Block XIII A located in the Talara 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 A         Â          Â          Â          Â              Operator         Well Name         Spud Date         Completion         Td Feet         Td Meter         Status             Olympic Peru Inc         Colan 139X         25-Oct-18         19-Apr-20         3,273         998         P&A dry             Petroperu SA         Paita 1         9-Jan-54         20-Jan-54         1,282         391         P&A dry             Petroperu SA         Paita 3         4-Jul-54         27-Jul-54         3,919         1,195         P&A dry             Petroperu SA         Paita 4         28-Oct-54         13-Nov-54         2,776         846         P&A dry             Texas Petr         Peoco 3-2         1-Feb-56         20-Mar-56         2,560         780         P&A dry             Belco Petr         Peoco 7-1         7-Dec-55         16-Mar-56         5,944         1,812         P&A oil shows             Gulf Oil Corp         PG-39-X 1         12-May-56         1-Jul-56         4,303         1,312         P&A dry             Source: IHS Markit         Â          Â          Â          Â          Â          Â©   2020 IHS Markit        Â   Geology  The north-east - south-west Talara Basin straddles the north-west Peru Pacific coastline approximately on either side of Talara, a city located at about its center and after which it is named. Its onshore part extends westwards from the Andean foothills to the marine continental platform, off Zorritos on the north to the Paita area on the south. The Talara Basin has a complex structure that reflects its complex tectonic evolution. Its north part and the adjacent Progreso (Tumbes) Basin are regionally tilted to the west. The basin is characterized by a very high density of normal and gravity-slide faults occurring a few meters to about 1 km apart, and development of roll-over structures. Strike-slip, reverse, and thrust faults also occur, the latter with detachment surfaces largely within the Paleozoic, but also within the Eocene section. Faulting is more intense onshore and in the offshore proximal, shallow platform (200 m or less water-depth). Faulting began with the onset of the Andean orogeny and persisted throughout the Tertiary, producing a complexly block-faulted basin, largely filled with Eocene terrigenous clastics deposits. (except from the IHS Markit Basin Monitor)
(Talara b.) Block XIII-A op. by OLYMPIC (51%), ENEL AM (41%), Cdc Group (6%), GOVT NO (2%), Olympic Peru continues to look for partners in the onshore Block XIII A located in the Talara Basin. The block has been available for farm-out since 2010. Multiple wells have been drilled on the block by various operators over time.