• Short Summary

    In the unexplored jungle of north-east Peru, helicopters are playing a major role in opening up a big new oil strike.

  • Description

    In the unexplored jungle of north-east Peru, helicopters are playing a major role in opening up a big new oil strike. Last November, Petroperu, the state oil company, struck its first Amazonian oil well 10,000 feet below ground.

    Now experts are claiming that Peru's oil reserves are so impressive that the country could equal Venezuelan oil exports within five years. A West German geologist, brought ever to take charge of exploration, predicts that by 1986 Peru should be producing a million barrels of oil a day.

    For VISNEWS, cameraman Derek Furlong flew out to the jungle boom area of Pavoyacu to film the men who are pioneering the new Peruvian oil field. Taking part in the operations were three Soviet helicopters given to Peru for relief work after the 1970 earthquake disaster.

    SYNOPSIS: In the unexplored Amazon jungles -- an unprecedented oil bonanza for Peru. The state oil company Petroperu struck its first major find in this unhospitable north-eastern region of the country only last November. Now experts are already predicting that Peru could rival Venezuela as an oil exporting nation within five years.

    Helicopters -- including Soviet machines given at the time of the 1970 earthquake disaster -- have a vital role to play in opening up the new oil field. The oil reserves are located ten-thousand feet below ground. But it's at ground level that the oilmen have their toughest fight....against the jungle.

    Government officials are optimistic that the new oil field will produce a hundred thousand barrels a day by next year. An there are predictions that the output will have risen to a million barrels a day by 1985. If production lives up to expectation, work could start on a two-hundred million dollar pipeline -- linking the jungle oilfield with the coat to spend shipment to world markets.

    The strikes so far have produced good medium gravity oil, with very little gas reportedly ideal for the requirements of industrialised western nations. International oil companies have joined in the rush to exploit the new finds -- paying Peru up to fifty per cent of profits for the privilege -- and drilling rights have already been granted for an area of several million heeacres.

  • Tags

  • Data

    Film ID:
    VLVABBEBGRUYU0ZHHZAGW5FI56L2T
    Media URN:
    VLVABBEBGRUYU0ZHHZAGW5FI56L2T
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    16/03/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:44:00
    Time in/Out:
    /
    Canister:
    N/A

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