Corvina oil field starts producing off Peru

BPZ Energy has begun oil production through the CX11 platform in Corvina field on Block Z-1 off northwestern Peru.

By OGJ editors
HOUSTON, Nov. 21 -- BPZ Energy has begun oil production through the CX11 platform in Corvina field on Block Z-1 off northwestern Peru (OGJ, Nov. 5, 2007, Newsletter).

First production came from the CX11-21XD well, which reached a stabilized rate of 2,500 b/d of oil. The 21XD well was shut in after the first of two leased tankers was filled with 5,000 bbl of oil to allow the company to finish the dual completion of the CX11-14D well.

The 14D well, which has an expected maximum design throughput of 28 MMcfd of gas, flowed at a stabilized rate of 1,900 b/d through its oil tubing, producing 5,000 bbl into the second tanker. No formation water was detected in either well.

The two Navy tankers will deliver this first 10,000 bbl of Corvina oil to a recently refurbished 40,000 bbl transport barge moored adjacent to Petroperu's 62,000 b/d Talara refinery 70 miles south of the field. Once the transport barge is filled to near capacity, the oil will be off-loaded into the refinery.

The company expects to achieve average oil production rates of up to 2,500 b/d. Production is expected to increase to 4,000 b/d by yearend or early next year when a 40,000 bbl floating production, storage, and offloading vessel is in service.

BPZ plans to bring the next well, CX11-18D, on line in the first quarter of 2008.

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