BPZ Energy to drill three wells off Peru

June 14, 2006
BPZ Energy Inc., Houston, plans in late July to spud the first of three wells on Block Z-1 in Corvina gas field off northwestern Peru as part of a gas-to-power project.

By OGJ editors
HOUSTON, June 14 -- BPZ Energy Inc., Houston, plans in late July to spud the first of three wells on Block Z-1 in Corvina gas field off northwestern Peru as part of a gas-to-power project.

The $126.7 million project entails drilling three initial wells, recompleting a shut-in gas well, and constructing a 10-mile pipeline to transport gas to a planned 160 Mw gas-fired power plant.

BPZ has secured a 2-year rig contract from Petrex SA, a South American subsidiary of Saipem SPA (OGJ Online, Dec. 29, 2005).