BPZ Energy, an independent oil and gas exploration and production company, provided an update on its Corvina field operations.
CX-15 Platform
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 mile south of the existing CX-11 platform.
Welding and other miscellaneous activities are underway and will take approximately two weeks. The Petrex-28 drilling rig, which has been inspected and accepted for work, will then be mobilized to the CX-15 platform. It is expected that the necessary environmental permit required to conduct drilling operations from the CX-15 platform will be received from the Peruvian authorities before the drilling rig is mobilized. The Company expects to spud the first well of the CX-15 drilling campaign in late October.
3D Seismic
The second phase of the 3D seismic acquisition program at Block Z-1 is now underway. Data has already been acquired at the Corvina field, including all of the proved undeveloped area to be targeted by the new CX-15 platform. The seismic vessel is expected to begin acquiring data at the Albacora field during the month of October. Processing and interpretation of all 3D seismic data acquired thus far at Block Z-1 continues.
[mappress] Press Release, October 01, 2012