Gold Oil, the AIM-listed oil and gas exploration and production company, has farmed out 80% of its interest in the block Z-34, offshore Peru, to Union Oil & Gas Group Corp (“Union Oil & Gas”). Gold Oil will be carried in the 3 remaining Exploration phases and keep a 20% interest. Gold Oil will receive [...]
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 [...]
BPZ Energy, an independent oil and gas exploration and production company, today announced an update to Block Z-1 operations in Peru. Corvina CX-15 Drilling Preparations for the new CX-15 development drilling campaign continue with some delays deemed necessary to make adjustments to the platform’s draft (submerged depth). As a result, the first well spud is [...]
BPZ Energy , an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest (“closing”) in offshore Block Z-1 to Pacific Rubiales Energy Corp. The Board of Directors of Perupetro and the Ministry of Energy and Mines have [...]
BPZ Energy, an independent oil and gas exploration and production company, announced that the hull tower for the CX-15 platform was successfully floated off the transport vessel, uprighted and ballasted. Subsequently, the topside facility was also successfully mated to the hull tower. The CX-15 platform is now anchored at the West Corvina field location, one [...]
Houston-based BPZ Energy and Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful load out and sail away of the world’s first Buoyant Tower drilling and production platform destined for installation at BPZ Energy’s Corvina field located offshore Peru. The CX-15 platform was safely completed and successfully delivered [...]
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BPZ Energy, an independent oil and gas exploration and production company, announced yesterday that the Peruvian Ministry of Energy and Mines (MEM) had granted extension of the gas flaring permit for the Company’s Albacora field operations through December 28, 2012, allowing oil production testing to continue. Peruvian regulations require permits for gas flaring if gas [...]
GMC & Horton Wison Deepwater confirm Joint Venture for ground breaking Shallow Water Buoyant Tower Design and Supply – First contract secured and underway
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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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