BPZ Energy, is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production
Houston based BPZ Energy is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.4 million acres in four Blocks in northwest Peru. The Company is currently developing the Corvina oil field in offshore Block Z-1 as well as the redevelopment of the Albacora oil field approximately 16 miles north of the Corvina field. The first well in Albacora will be spud late third quarter 2009. The Company is also executing a gas-to-power strategy to monetize the natural gas in the Corvina field. A potential partnership is being negotiated for the generation and sales of electricity in Peru. BPZ Energy is a rapidly growing company with proved reserves, a stable balance sheet, and world class assets.
BPZ Energy Subsea Tags: BPZ Energy Houston, USA, oil, gas, exploration, Peru
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