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Eni increases Mexico Area 1 estimate to 2 billion boe

OE Staff Friday, 22 December 2017 11:35

Italy's Eni says a production test on the Tecoalli-2 well, in shallow water Campeche Bay, Mexico, showed "excellent production capabilities," and increased estimates of oil in place in Area 1 to 2 billion boe, with about 90% oil.

The well is in Contractual Area 1, about 200km West of Ciudad del Carmen, in 33m water depth. The test confirmed the excellent production capabilities of the Orca formation and good quality of the oil encountered in this reservoir (30° API, with no CO2 nor H2S), says Eni.

Eni says it will sanction the development of Area 1 (Amoca, Miztón and Tecoalli fields) once the development plan is approved by the authorities, with production startup expected in 1H 2019.

During the test, the well reached 7000 b/d flow rate, constrained by the capacity of the production equipment. With the final production completion, the well is expected to reach 10000 b/d. 

These results, and the revision of the reservoir models of the Amoca and Miztón fields, have recently raised Eni’s estimate of the hydrocarbon in place for Area 1 to 2 billion boe, of which approximately 90% oil and the remaining associated gas.

The well will be temporarily abandoned, and will be recovered as a production well in the future development of this field.

Eni holds rights in 4 exploration and production blocks in the Sureste Basin, all as the Operator: Area 1 (Eni 100%) awarded in 2015 in Ronda 1-Licitación 2, and  Block 7 (Eni 45%,), Block 10 (Eni 100%), Block 14 (Eni 60%) awarded in 2017 in Ronda 2-Licitación 1.

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2018-10-24 03:43:51am