Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil.
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Map from BPZ. |
The well, located in Block Z-1, was drilled to approximately 7730ft. BPZ says that about 35ft of gas pay was found in the upper Zorritos non-associated gas reservoir in the CX15-9D well, which is where the 16X, 14D and 21XD wells at the CX-11 previously tested rates of gas between 20 and 40 MMcf/d in the non-associated gas reservoir.
Since the well failed to produce oil, BPZ is reevaluating the geologic model to better understand the impact of the well test results on this area of the field. The company is suspending activity on the CX15-9D well and is considering the well for completion as a gas producer in the future.
The company says that work has begun on the Corvina CX15-1D mechanical shut-in well to restore production due to its intention to focus on low cost workovers at the Corvinaand Albacora fields at Block Z-1 to optimize production.
The Albacora A-22D development well was drilled to a measured depth of 13,730ft and is currently being tested. Final results are expected later this month.
In 1Q 2015, the Corvina and Albacora fields averaged 4722b/d gross. Recent production was 4400 b/d gross.
BPZ is the operator of Block Z1 with a 51% interest. Partner Pacific Rubiales Energy holds the remaining 49%.
On 9 March 2015, BPZ filed for chapter 11 bankruptcy protection. The company continues to operate under provisions of chapter 11 while it seeks additional financing.
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