Italy’s Eni has announced that it has completed its 2017 drilling campaign in Area 1, offshore Mexico, and has increased hydrocarbon in place estimate to 2 billion barrels.
Eni said in a statement that it had successfully drilled the Tecoalli 2 well, in the shallow waters of the Campeche Bay, offshore Mexico. The results of the well and the revision of the reservoir models of the Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 billion barrels (Bboe), of which approximately 90 per cent oil and the remaining associated gas.
The Tecoalli 2 well, located in Contractual Area 1, approximately 200 km west of Ciudad del Carmen, in 33 meters of water depth, reached a final depth of 4,420 meters encountering approximately 40 meters of net oil pay in the Orca formation, characterised by excellent quality sandstone reservoirs.
Eni will now submit the Development Plan (PoD) for Area 1 for approval of the local authorities (Comisión Nacional de Hidrocarburos – CNH). As soon as the PoD is approved, Eni will sanction the development (FID), with production startup planned in first half 2019.