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Syntroleum Peru Holdings Ltd. (Quick Takes).(Brief Article)

The Oil and Gas Journal

| September 23, 2002 | COPYRIGHT 2003 PennWell Publishing Corp. (Hide copyright information)Copyright

Syntroleum Peru Holdings Ltd. and Houston-based BPZ Energy Inc. are seeking one or more partners to join their activities in Block Z-1 off Peru's far northern coast, according to BPZ Pres. Fernando Zuniga. Syntroleum and BPZ hope to build on previous discoveries on the block and declare a commercial oil and gas find before the fourth year of the contract--signed Nov. 30, 2001--to receive a 30% discount on royalties offered by the government. Syntroleum Peru, a unit of Tulsa-based Syntroleum Corp., is aiming to use its GTL technology …

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