Gulf Oil and Gas accountACCOUNT

Pemex Discovers 6 New Crude Deposits in Gulf of Mexico

Source: Reuters 9/13/2016, Location: South America

Mexico's state oil company Pemex said it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters, and four of light crude in shallow waters.

Pemex, which has been struggling with declining output for over a decade, also plans to drill 30 exploratory wells in 2017, it said in a statement.

A Pemex spokesman said the discoveries were a made couple of months ago, but were not announced immediately in order to quantify the reserves and guarantee their commercial viability.

Pemex said that in the oil-rich Cinturon Plegado de Perdido area, which is in deep waters in the Gulf of Mexico, it had already drilled the Nobilis-1 well, located 220 kilometers (137 miles) off the coast of the northeastern state of Tamaulipas, at a depth of 3,000 meters to the ocean floor, and a total depth of more than six kilometers.

The company said that in the two deep-water discoveries, the crude had a super light gravity of over 40 degrees API. Pemex said the two wells could eventually deliver 15,000 barrels per day, and could have proven, probable and possible (3P) reserves of between 140 million to 160 million barrels of oil equivalent (boe).

The company also announced it had discovered light crude and gas in the Teca-1 well, located 30 kilometers off the Gulf coast at 44 meters below the surface. It estimated 3P reserves were between 50 million to 60 million boe.

Pemex, which has enacted major spending cuts due to the collapse in the oil price, said it would focus the majority of its investments toward areas where it thinks it has the highest probability of discovering crude.

Pemex estimates its average production will be 1.9 million barrels per day in 2017, its lowest level since 1980, as a result of the spending cuts.

Exploration News in Mexico >>

Argentina >>  8/21/2019 - Equinor’s executive vice president for Exploration, Tim Dodson, and YPF's CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 ...
United Kingdom >>  8/20/2019 - UK Oil & Gas PLC (UKOG) is pleased to announce that the Oil and Gas Authority (OGA) has granted two-year extensions to the initial terms of the Compan...

United Kingdom >>  8/19/2019 - Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil discovery at explor...
Oman >>  8/7/2019 - Oman’s Ministry of Oil and Gas (MOG) signed a new exploration and production sharing agreement with Daleel Petroleum Co for Block 5. ...

Guyana >>  8/2/2019 - Frontera Energy Corporation ("Frontera") announces that a resequencing of CGX Energy Inc.'s work programme in the Corentyne block, offshore Guyana, he...
Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Mexico Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.