The wells including, Urubamba, Picha and Taini, are located in the Madre de Dios Basin, the company said.

It is expected that the Paratori well being drilled in the same lot is to be completed in December 2012, along with other exploratory studies on the southern area that may reveal additional volumes.

A 3D seismic survey has been conducted to support the delimitation and development plans, and the results are now being analyzed.

Petrobras Energia Peru, a wholly-owned subsidiary of Petrobras, with 100% ownership is the operator of the project.

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