Eni SPA introduced Monday one other discovery in its 50 % owned Block 9 within the Sureste Basin offshore Mexico.
“The preliminary estimates point out a found potential of round 300-400 million barrels equivalents (Mboe) of oil and related gasoline in place”, the Italian government-controlled firm mentioned in a press release.
The invention properly, Yopaat 1 EXP, was drilled in a water depth of 525 meters (1,722.4 ft) in mid-deepwater within the Cuenca Salina a part of the basin. Yopaat 1 EXP, which sits about 63 kilometers (39.1 miles) off the coast, reached a complete depth of two,931 meters (9,616.1 ft). The rig encountered 200 meters (656.2 ft) of web pay of hydrocarbon-bearing sands within the Pliocene and Miocene sequences, Eni mentioned.
Eni’s co-venturer in Block 9 is Spain’s Repsol SA, which owns the remaining half.
Within the Sureste Basin, Eni had already discovered potential business wells in Blocks 7 and 10. “The general estimate of assets in place presently exceeds 1.3 billion barrels of oil equal which permits Eni to advance with the research in direction of a possible future ‘Hub’ growth, together with the discoveries and different prospects current within the space, in synergy with the infrastructures situated close by”, it mentioned.
Final 12 months Eni introduced the Yatzil 1 EXP discovery in Block 7. It pegged the properly’s potential assets at 200 MMboe.
Situated 65 kilometers (40.4 miles) off the coast in mid-deepwater in Cuenca Salina, Yatzil 1 EXP was drilled in a water depth of 284 meters (931.8 ft). It reached a complete depth of two,441 meters (8,008.5 ft). Internet pay sands stood over 40 meters (131.2 ft) lengthy with “good high quality” oil within the Higher Miocene sequences.
“Yatzil-1 EXP is the second dedication properly of Block 7 and the eight profitable one drilled by Eni within the Sureste Basin”, the built-in power firm mentioned in a press launch March 17, 2023, noting Yatzil 1 EXP sits simply 25–30 kilometers (15.5–18.6 miles) away from different discoveries. With the Block 9 discovery introduced Monday, Eni has now encountered 9 profitable wells in Sureste.
In Block 7, Eni holds a forty five % curiosity. Scotland’s Capricorn Power PLC owns 30 % whereas Mexico’s Citla Power SAPI de CV has the remaining 25 %.
In Block 10, Eni has discovered two profitable wells. In 2021 it introduced Sayulita 1 EXP as an oil discover, placing the amount of potential assets, primarily based on preliminary estimates, at 150–200 MMboe. The properly sits round 70 kilometers (43.5 miles) off the coast in Cuenca Salina in a water depth of 325 meters (1,066.3 ft), simply 15 kilometers (9.3 miles) away from the sooner Saasken oil discovery in the identical block.
The Sayulita properly confirmed 55 meters (180.4 ft) of web pay of “good high quality” oil within the Higher Miocene sequences after being drilled to a complete depth of 1,758 meters (5,767.7 ft).
“The profitable consequence, that comes after the 2020 discovery properly Saasken 1 EXP, confirms the worth of the asset and opens the potential business consequence of Block 10 since a number of different prospects situated close by could also be clustered in a synergic growth”, Eni mentioned in a information launch August 2, 2021.
The Saasken discovery, introduced February 17, 2020, was estimated to carry a possible 200–300 barrels of oil. It sits 65 kilometers off the coast and was drilled in a water depth of 340 meters (1,115.5 ft). The invention properly yielded 80 meters (262.5 ft) of web pay of good-quality oil after reaching a complete depth of three,830 meters (12,565.6 ft).
Eni owns a 65 % stake in Block 10. Russia’s Lukoil PJSC holds 20 % whereas Capricorn has the remaining 15 %.
Eni holds rights in 5 different exploration and manufacturing blocks in Sureste. Of the entire eight blocks within the basin the place Eni is a participant, seven are operated by the corporate, making Eni the “essential international operator” in Mexico, in response to the corporate.
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