A new offshore well in Mexico boosts Eni’s resources in the Amoca Field triggering a fast track development
Thanks to the results of the new well, Eni raises its estimate of resources in place at Amoca to 1 billion boe, paving the way for the implementation of an accelerated development plan. Eni has successfully drilled and tested the Amoca-3 well in the shallow waters of Campeche Bay, in offshore Mexico. It has proven the presence of multiple significant oil levels in the Orca and Cinco Presidentes Formations.
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 barrels (Bboe), of which approximately 90% oil and the remaining associated gas.
Eni completes its 2017 drilling campaign in Area 1, offshore Mexico, with another successful well and increases the hydrocarbon in place estimate to 2 billion barrels
Thanks to the results of this well and the revision of the reservoir models of the Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 billion barrels (Bboe), of which approximately 90% oil and the remaining associated gas.
The central item discussed was the development of the Amoca field, where Eni is studying the possibility of an early production phase, to anticipate the start-up of the field.
Amoca-2 is the first well drilled by an international oil major in Mexico since the 2013 Energy Reform. Reserves are being assessed, but the well indicates a meaningful upside to the original estimates.
Eni won with a 100% share a PSC to appraise, develop and exploit the oil fields of Amoca, Miztón e Tecoalli, located in the Campeche Bay, offshore Mexico. The combined oil volumes in place for the 3 fields are approximately 800 million barrels of oil and 480 billion cubic feet of associated gas.
Eni successfully drills a new well in offshore Mexico and upgrades the resource potential of Area 1 to 1.4 BBOE
Furthermore, as a result of the first competitive bid round of the Ronda 2, Eni signed today three new exploration and production licenses for Blocks 7, 10 and 14, all located in the Sureste Basin.
This achievement occurs just 32 months after Eni signed the Area 1 Production Sharing Contract (PSC), won in an international bid round, and 17 months after the drilling of the first well.