Lima, in October. 14 (ANDINA) .- The Shell angloholandesa approved the definitive agreement of association with bpz Energy for exploration of gas in three lots located in the department of Tumbes, reported today the president of Perupetro, Daniel Saba.
He said that Shell executives informed him that the board of directors of the company in Houston (USA) gave its approval to this agreement, which demonstrates the confidence of this transnational legal stability, political and economic life of Peru.
"The agreement is already operational at the end, missing only two companies that sign the agreement, and the most important thing is that Shell is moving ahead with its projects in Peru despite the crisis and the political noise," said the agency Andina .
It should be noted that on June 26 last bpz Energy and Shell signed a memorandum of understanding as a first step in establishing this final agreement.
The agreement will allow Shell to be incorporated in the license agreements that currently has bpz Energy in a lot XXIII, XIX and Z-1 (Tumbes socket).
Saba also reported that bpz Energy has obtained very satisfactory results in the work done in the Corvina field in Block Z-1, exceeding the expectations set.
The company completed drilling of two tests (DST) in four sets of layers of oil wells, which resulted in a cumulative flow rate of 10,268 barrels of oil per day (bpd).
"It's an important result that continues to reaffirm the potential of hydrocarbons in Peru, and providing incentives to companies interested in investing in this sector, such as Shell."
For his part, chairman and chief executive of BZP Energy, Manolo Zuniga, said the 20XD well with its 10,268 bpd has exceeded the expectations of the initial tests and will probably improve estimates of oil from the Corvina field, and consequently increase Oil stocks.
Bpz Energy has certified reserves of 60 million barrels of crude of 22 degrees API and 300 trillion cubic feet of natural gas, which correspond to the Corvina oil field.
"This has been by far the hardest hole we've drilled, but the results are truly gratifying. Each DST was conducted over several days, supplying important information and needed to upgrade the reserves. "
He said that the next hole, the CX11-15D, you will begin to be punctured under the platform is transferred to the relevant sections.
"It is important that we move forward with the 15D, which is the last well in this first program of drilling from the Corvina CX11 platform, so that we can move to Albacore, where estimates show that the existence of oil is roughly three times the size of Corvina, "said Zuniga.
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