BPZ Resources Inc
(NYSE: BPZ)
+0.01
+0.49%
| Exchange: | NYSE |
| Stock: | BPZ Resources Inc |
| Industry: | Oil & Gas Drilling & Exploration |
| Employees: | 245 |
| BPZ Resources, Inc. (BPZ) is focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company also intends to utilize part of its natural gas production as a supply source for the complementary development of a gas-fired power generation facility in Peru. It maintains a subsidiary, BPZ Exploracion & Produccion S.R.L. (BPZ E&P), through its wholly owned subsidiary BPZ Energy International Holdings, L.P. and its subsidiary BPZ Energy, LLC. As of December 31, 2011, it, through BPZ E&P, had exclusive rights and license contracts for oil and gas exploration and production covering a total of approximately 2.2 million acres, in four blocks, in northwest Peru. Its license contracts cover 100% ownership of four properties: Block Z-1 (0.6 million acres), Block XIX (0.5 million acres), Block XXII (0.9 million acres) and Block XXIII (0.2 million acres). |
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