Eni's new successes in Mexico's offshore

Eni's new successes in Mexico's offshore

Editorial Staff
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The Italian company has successfully drilled a new well, increasing its potential estimates for Area 1 to 1.4 billion barrels of oil equivalent

The name of the well that has boosted Eni’s estimates of the resource in place for Contractual Area 1 to over 1.4 billion barrels of oil equivalent (BOE) is Miztón-2, situated in the shallow waters of Campeche bay, offshore Mexico . The well, located in Contractual Area 1, approximately 200 km west of Ciudad del Carmen, at a water depth of 33 meters and 10 km from the Amoca discovery, reached a final depth of 3,430 meters, encountering 185 meters of net oil pay in the Orca Formation, characterized by excellent quality sandstone reservoirs. Well data indicate a single 280 meter thick oil column. Oil gravity is estimated at 28-30 API degrees.  The exploitation of the Miztón field, which is now estimated to contain 350 million BOE in place, will be included in the development plan of Contractual Area 1 (Eni 100% stake). In addition, Eni is preparing the development plan for phase 1 of the Amoca field (early production), which will be submitted to the local authorities for approval (Comisión Nacional de Hidrocarburos - CNH), with start-up scheduled for early 2019. Furthermore, as a result of the first international competitive bid round of Ronda 2, Eni signed three new exploration and production licenses today for blocks 7, 10 and 14, all located in the Sureste Basin. The joint ventures for the new blocks are as follows: for Block 7, Eni México 45% (operator), Cairn 30%, Citla 25%; for Block 10, Eni México 100%; for Block 14, Eni México 60% (operator), Citla 40%.