Eni on a roll in Mexico

Eni on a roll in Mexico

Sep 26, 2017
2 min read
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Italy's Eni has announced that following drilling a new well in offshore Mexico it has found extra resources that has boosted resource potential of Area 1 to 1.4 billion barrels of oil equivalent (BOE).

Eni said that it has successfully drilled the Miztón-2 well, in the shallow waters of Campeche bay, offshore Mexico, boosting the estimates of the resource in place for Contractual Area 1.

The well, located in Contractual Area 1, approximately 200 km west of Ciudad del Carmen, in 33 metres of water depth and 10 km from the Amoca discovery, reached a final depth of 3,430 metres, encountering 185 metres of net oil pay in the Orca Formation.

In a statement Eni said that well data indicated a single 280 metres thick oil column. Oil gravity is estimated at 28-30 °API.

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 Area 1 (Eni 100 per cent). Eni will continue the exploration campaign by drilling a well on the Tecoalli discovery.

In separate news, Eni was successful in Mexico's second oil round and was awarded three new exploration and production licenses for Blocks 7, 10 and 14, all located in the Sureste Basin. The Joint Ventures of the new blocks are composed as follows: Block 7 Eni México 45 per cent (operator), Cairn 30 per cent, Citla 25 per cent; Block 10 Eni México 100 per cent; Block 14 Eni México 60 per cent (operator), Citla 40 per cent.