BPZ Energy provided summary financial and operational results for the fourth quarter and full year ended December 31, 2013 along with recent results on the Albacora A-19D well.
Full year 2013 and year-to-date 2014 highlights for BPZ Energy include:
◾ Initiated the Block Z-1 development drilling campaign at both the Corvina CX-15 and Albacora platforms.
◾ Brought production online from a total of four new wells at the Corvina and Albacora fields.
◾ Achieved the first million barrels of production from five wells at Block Z-1.
◾ Received permits for exploration drilling at Z-1 shallow water prospects Delfin, Piedra Redonda and Raya.
◾ Drilled and began testing the Caracol 1X well, the first of three scheduled onshore exploration wells at Block XXIII.
◾ Finished the year with $81.3 million of remaining carry at Block Z-1.