Spanish energy company Repsol announced the start of production from Kinteroni gas field in Peru, estimated to hold at least 2 trillion cubic feet of reserves.
Kinteroni, discovered in 2008, holds between 2 trillion and 3 trillion cubic feet of natural gas. Repsol said the play would give up reserves at an initial rate of 20,000 barrels of oil equivalent per day, a rate that could double in 2016.