Offshore staff
HOUSTON -- BPZ Resources and Shell Exploration have mutually agreed to discontinue discussions on the farm-out agreement as conceptualized in a non-binding Memorandum of Understanding (MOU).
BPZ Energy will maintain its 100% working interest in blocks Z-1, XIX, and XXIII, as well as block XXII which was not part of the proposed transaction, all of which are located offshore Peru.
01/09/2009
