CX-15 platform anchors at Peru’s Block Z-1

by on September 25, 2012 1:44 pm GMT

BPZ Energy operates the block on a 51% stake, with Colombia’s
Pacific Rubiales Energy holding the other 49% after a $335 million farm-in
earlier this year.

The hull tower and topsides have been mated and the platform
is anchored at Block Z-1’s West Corvina field in the Tumbes Basin.

The Petrex-28 drilling rig is to be mobilised in two weeks
after further installation works at CX-15.

With environmental drill permits expected before then, the
company says it expects to begin its drilling campaign in late October.

The Peru-focused explorer is currently processing and
interpreting fresh 3D seismic over the block’s proved undeveloped territory
that the new platform aims to target.

The new unit is equipped to operate in a water depth of 50
metres, with support for a drilling rig with 24 slots.

It also has the capacity to produce 12,200 barrels per day
of oil and 12.8 million cubic feet per day of gas, and to ­inject 3500 bpd of

Total proved oil reserves at Block Z-1 were estimated at
34.7 million barrels of oil as of 31 December.

Built in China by Wison Offshore & Marine, the platform
is being hailed as a pioneering design that achieves large-scale savings on
installation costs at remote locations by not requiring a heavy-lift vessel.