BPZ starts well offshore Peru at 2,100 b/d

BPZ Energy, Houston, has started production from a development well on Albacora oil field offshore Peru at an early rate of 2,100 b/d of oil gross and spudded another well nearby.

The new producing well, Albacora A-18D, flowed naturally, with a 11% water cut, from perforations in three intervals totaling about 130 ft.

BPZ spudded the Albacora A-19D development well targeting a structural position similar to that of the A-18D well, aiming for total measured depth of 12,500 ft.

Water depth at Albacora, which produces via a fixed platform in the northern part of Block Z-1, is less than 200 ft.

On Corvina oil field, south of Albacora on the same block, BPZ recently sidetracked the CX15-2D well after drill pipe became stuck in the original hole and was redrilling the last 2,300-ft section (OGJ Online, Jan. 19, 2011). It reported oil shows in the targeted section and expected to complete the well in late January.

During tests, the CX15-1D development well on Corvina field produced an average of 440 b/d of oil from one interval with a water cut of 8%. Two of four intervals in that well remained to be tested at the time of the report.

BPZ has two platforms on Corvina field. Gross production from Block Z-1 recently has risen to 4,900 b/d of oil, 53% from Albacora and the rest from Corvina. The block’s production in the fourth quarter of 2013 averaged 2,725 b/d, which included test output from the CX15-1D and Albacora A-18D wells.

BPZ holds a 51% working interest in Block Z-1, which it is developing in partnership with Pacific Rubiales Energy Corp.

On onshore Block XXIII, BPZ on Jan. 5 spudded the Caracol 1X exploration well with a target depth of 3,500 ft. The main objectives are the Oligocene Heath and Mancora formations. BPZ plans two more exploration wells on the block, in which it has a 100% working interest.

The company also plans exploratory drilling in what the company describes as “conventional and nonconventional oil plays” on onshore Block XXII later this year.

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