BPZ Gets Go-Ahead for Extended Well Testing in Peru

BPZ Resources received approval from the Hydrocarbons General Bureau to continue to perform an extended well test on five oil wells in the Corvina field until first commercial production, which is scheduled to come online on May 31, 2010. In its approval, the Bureau set a specific limit on the amount of natural gas flaring from each of the first five wells, so BPZ expects it will have to limit its oil production in order to comply with the limits. The actual future decrease in production is unknown, but the company estimates the decrease could be as much as 400 to 800 bopd. The Corvina field is situated in the offshore Block Z-1 in northwest Peru, which BPZ Resources wholly owns and operates.

continue reading about the Corvina field on SubseaIQ

continue reading the full article

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Division Order Analyst - Midland
Expertise: Accounting|Customer Service|Lease Analyst
Location: Midland, TX
 
Cogen Production Engineer-00015274
Expertise: Production Engineering|Production Operator
Location: Gregory, TX
 
Accounts Receivable Analyst (Finance Service Center)
Expertise: Accounting|Customer Service|Laboratory Ops / Tech|Legal|ROV Ops / Tech
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $49.32/BBL 0.54%
Light Crude Oil : $49.33/BBL 0.30%
Natural Gas : $2.16/MMBtu 10.20%
Updated in last 24 hours