Z-1Navy Blimp Series
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Oil and gas company BPZ Energy (NYSE:BPZ) said on Monday that it has received the Peruvian Government's Supreme Decree to execute the amendment to the Block Z-1 License agreement.
This amendment will reportedly add Pacific Rubiales Corp (TSX:PRE.TO) (BVC:PREC) (BOVESPA:PREB) to the Z-1 License located in Peru.
Richard Spies, CO0 of BPZ Energy said, "The use of the buoyant tower design has been a key driver in the cost-effective and timely expansion of the development of our Z-1 asset."
Oil and gas company BPZ Energy (NYSE:BPZ) revealed on Friday the establishment of a joint venture with Pacific Rubiales Energy Corp (TSX:PRE.TO) to explore, develop and expand offshore Block Z-1 in Peru, subject to grant of relevant Peruvian authorities.