Mexico: Eni to start drilling in Area 1 in December

Mexico: Eni to start drilling in Area 1 in December

Editorial Staff
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Claudio Descalzi, during a metting with Pemex CEO González Anaya, laid out the strategy for the consolidation and growth of the Six Legged Dog's presence in the Central American country, where it was the first major international company to acquire a block

The Chief Executive Officer of Pemex, the Mexican state run oil company, José Antonio González Anaya, met today in Mexico City with the Chief Executive Officer of Eni, Claudio Descalzi. During the meeting, Eni's CEO outlined the company's strategy in the country, focused on the consolidation and growth of its presence in Mexico, where it was the first, among the international majors, to acquire one block (Area 1) following an international bid, which took place last September. Eni considers Mexico a country with great prospects and potential, and Pemex, a company recognized internationally, an important future partner. Eni plans to start next December the drilling activities in Area 1, where it holds 100% stake. According to official estimates by the Mexico Comisión Nacional de Hidrocarburos (CNH) in the block there are total volumes of hydrocarbons in place of 800 million barrels of oil and 480 billion cubic feet (bcf) of associated gas in the 3 existing discoveries, Amoca, Mitzon and Tecoalli. Eni expects to finish the appraisal campaign by the end of 2017, to then submit in short time the field development plan to the competent authorities.