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Mexico: Pemex Discovers Four Shallow Water Oil Fields

Mexico: Pemex Discovers Four Shallow Water Oil Fields

Pemex has discovered four shallow water oil fields off the coast of Tabasco and Campeche.

The company has attributed the find to “new tools” provided as part of Mexico’s recent energy reform, saying it is their biggest breakthrough in exploration in the last five years after the discoveries at Tsimin-Xux and Ayatsil.

The company hope that the fields will start production in 16 months, and estimated yield figures indicate that the fields could produce more than 200,000 b/d of crude and 170 MMcfd of gas.

 

Pemex CEO, Emilio Lozoya, said that with the use of new technology – including improved seismic – they can estimate that the fields could contain reserves of 350 million boe.

Last modified onFriday, 19 June 2015 04:40
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