Tonalli Energia a joint venture between Canada's International Frontier Resources and Mexico’s Grupo IDESA has spud its first well in the onshore Tecolutla block in Mexico.
The Tecolutla field is located within the Tampico-Misantla basin which has multiple reservoirs with diverse play types and access to existing infrastructure, market, service sector providers and an established supply chain, IFR said in a statement.
"TEC-10 will be the first Tecolutla well to target new locations within the reservoir utilizing 3D seismic and modern technologies to increase productivity and oil recovery," said Steve Hanson, president and CEO of IFR. "Following the release of the drilling rig, a thorough completion and testing program will be conducted to evaluate the TEC-10 well."
The existing four wells at Tecolutla were drilled by PEMEX between 1956 and 1972 and produced 1.9 million barrels without the use of artificial lift. Based on Tonalli's interpretation of the 3D seismic, the Tecolutla field has been significantly underdeveloped.
The Tecolutla block was awarded to Tonalli on May 12, 2016 as part of the first round and third call of Mexico's oil and natural gas "mature fields" bid round (Round 1.3), the first in almost 80 years. Each of the blocks offered in Round 1.3 attracted multiple bids.