Pan Andean Resources, the Irish explorer operating in Latin America and the US, was awarded a license to search for oil and natural gas in Peru's Block 161.
The block is situated in the west of the Ucayali basin in central Peru, the Dublin-based company said today in a statement.
Pan Andean has already identified three prospects: Pisqui, Tahwaya and Juanita.
The explorer holds three other Peruvian blocks, it said.
Bloomberg
