HOUSTON --BPZ Energy (NYSE: BPZ) has issued an update on development drilling on its fields offshore Peru.
The second interval tested gas from the gas cap. A gas-lift valve has been installed at this level to assist oil production from the third interval. The first and fourth intervals remain to be tested.
Drilling of the CX15-2D should be completed early in 2014.
TheAlbacora 18D well reached TD of 12,600 ft (3,840 m) and was last week being completed after logs were run.