Italian oil company Eni announced it had “successfully drilled” the Amoca-2 well in the shallow waters of Campeche Bay, offshore Mexico, confirming the presence of oil in multiple reservoirs.
Amoca-2, located in the Contractual Area 1, 200km west of Ciudad del Carmen in 25 meters of water, is the first well drilled by an international oil major in Mexico since the 2013 Energy Reform.
The well reached a total depth of approximately 3,500 meters and encountered approximately 110 meters of net oil pay from several “good quality Pliocene reservoir sandstones, of which 65 meters were discovered in a deeper, previously undrilled horizon”.
“The well confirmed the presence of 18° API oil in the shallower formations, while the newly discovered deeper sandstones contain high quality light oil. Reserves are still being assessed, but the well indicates a meaningful upside to the original estimates,” Eni said in a statement.
“This important discovery comes in a country where Eni has not yet operated and confirms our exploration capabilities, building upon our strong exploration track-record, and is another confirmation of the validity of our “Dual Exploration Model” approach,” the company added.
ENI CEO Claudio Descalzi commented: “Focusing on conventional exploration with high initial stakes and operatorship, we manage to fast-track exploration activities, monetize exploration successes early and receive competitive development opportunities, therefore maximizing value generation for our shareholders.”
The Area 1 drilling campaign will continue with a new well in the Amoca area (Amoca-3) followed by the Miztón-2 and Tecoalli-2 delineation wells, to be drilled in 2017 to appraise existing discoveries as well as targeting new undrilled pools.
Eni holds a 100% stake in the Area 1 Production Sharing Agreement and said it was already evaluating options for a fast track phased development of the fields.
Eni savours sweet taste of crude in Mexico
Posted by | 27/03/2017
