25 July 2012drilling progress report▼ BadMajor
BPZ reported Block Z-1 output of 3,715 barrels a day in the first half of 2012, against 4,100 a year earlier, and 3,550 a day in Q2. A mechanical problem in a gas reinjection well at Corvina's CX-11 platform, which began in early July, cut that field to about 2,000 barrels a day, and Block Z-1 now produces about 3,000. A six-well workover costing an estimated $12 million starts in early August. The CX-15 platform is built in China and is expected to be installed in the second half of September, with drilling set for October, which continues the 2012 platform plan.