NW Peru NGL-GTL venture has exploration component

Syntroleum Corp., Tulsa, Okla., and BPZ Energy, Houston, revealed the framework of the wide-ranging development of two integrated natural gas liquids and gas-to-liquids projects in northwestern Peru.Exploitation of undeveloped discoveries and new exploratory drilling on Block Z-1 from off Mancora to Peru's border with Ecuador is contemplated in a later phase, Syntroleum said. Click here to enlarge imageThe projects will have three phases. The companies noted that the commencement and completion of each phase are subject to specific requirements. These include determining cost estimates, site acquisition, permitting, commitments from participants and possibly lenders, and front-end en...

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