Permitting advances for US$1bn Peru drill campaign
Environmental permitting has moved forward for a US$1.17bn project to drill over 100 wells in Peru's northern Tumbes region
BNamericas has learned that the energy and mines ministry's energy environmental affairs office DGAEE issued a favorable opinion of the executive summary of BPZ Exploración & Producción's EIS for the drill campaign at onshore block XXIII.
The eight-year undertaking looks to spud 23 exploration and 92 confirmation wells.
The company must now coordinate with DGAEE to hold an informative workshop as part of permitting.
In Peru, BPZ also holds exploration blocks XIX, XXII and offshore producing asset Z-1.
The company, a subsidiary of bankrupt BPZ Resources, continues with plans to cede its 100% stake in the exploration acreage to Upland Oil & Gas, which already holds exploration block XXIV.
The latest information from hydrocarbons licensing authority Perupetro reveals the ministry forwarded BPZ's request to the economy and finance ministry.
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