The signing of the exclusive agreements for Block XXII and Block XXIII completes the approximately 2.4 million acres, in conjunction with Blocks Z-1 and XIX, that the company initially planned to develop in northwest Peru.
Manolo Zuniga, president and CEO of BPZ Energy, said: This is a big day for BPZ Energy and for Peru. These two new license contracts will now allow us to implement the geologic models we have been developing during the past few years. We look forward providing more details on these two blocks as they become available.
