BPZ Energy, an independent oil and gas exploration and production company, yesterday provided an operational update for offshore Block Z-1. For the first quarter ended March 31, 2013, average combined production from the Corvina and Albacora fields at offshore Block Z-1 was 1,491 net (2,924 gross) barrels of oil per day (bopd). CORVINA FIELD CX-15 [...]
April 17, 2013 | Posted in
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BPZ Energy , an independent oil and gas exploration and production company, today provided an update on offshore Block Z-1 in Peru. Platform monitoring and control system modifications to facilitate operation of the CX-15 platform before new drilling can begin are being worked on by the Block Z-1 partners. Temporary equipment is tracking platform response [...]
Pacific Rubiales Energy Corp. announced today that it has reached an agreement with BPZ Resources, Inc. to enter into a series of transactions ultimately resulting in the acquisition of beneficial ownership of a 49% undivided participating interest in the Z-1 exploration and development block (“Block Z-1″), offshore in Peru. Under the terms of the agreement, [...]
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