Ray Hunt Goes Oil-Hunting in Peru

In case you missed today’s WSJ, there’s a front-page story on Ray Hunt’s latest ticklish project. By “ticklish” I mean, well, I’ll quote the nutgraph of the story:

Hunt’s scrappiness, pedigree, and political savvy have made the company an outsized presence in an oil world dominated by giants. The company’s $3 billion or so in annual revenue is just a few days work for Shell or Exxon Mobil. Because Hunt doesn’t have the cash or technological prowess to compete with the major oil firms for the largest projects, it must troll for profits in regions marked by dicey politics.

Earlier this fall, Iraq was such a region in question. Now, it’s Peru, where Hunt is trying to succeed where Royal Dutch Shell, after 20 years and $450 million, failed.