Asset Report
Block Z-1
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Block Z-1 is located offshore in the Tumbes basin in northwest Peru. Five discoveries were made on the block in the 1970s and 1980s. Although some oil was extracted, the area remained largely undeveloped due to a lack of market. Since assuming operatorship in 2005, BPZ Energy undertook a successful drilling campaign that proved sufficient reserves to restart development.There are undeveloped non-associated gas reserves on the block. BPZ had planned a gas-to-power project at Caleta Cruz ...
Table of contents
- Summary
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Key Issues
- Full development delayed
- Exploration upside
- Community relations
- Historic
- Structure
- Reservoir
- Corvina
- Albacora
- Piedra Redonda and Delfin
- Gas to power project
- Capital costs
- Operating costs
- Cash flow
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Field Hydrocarbon CharacteristicsReserves (2P) at 01/01/2026
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Contingent Resources (2C) at 01/01/2026Production (2015-2024)Production ProfileCapital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of Revenues
- 6 more item(s)...
What's included
This report contains:
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