PEMEX discovers new oil field in southern Mexico

abarrelfull wrote on 26 Nov 2012 06:49
Tags: mexico n-america pemex top upstream

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The President, Felipe Calderon, announced today the largest onshore oil discovery in the last ten years: the well Navigator 1, in the geological province of the Southeast basin.

The well is located 20 kilometers from Villahermosa, Tabasco and was drilled through a special technology design, to a total depth of 6,800 meters, localized light crude of 45 degrees API.

The evaluation of the oil potential in this area of ​​87 km2 allows estimating a 3P reserves at up to 500 million barrels of oil equivalent (MMboe), with a mean of 290 MMpce.

Pemex Exploration and Production (PEP) proceed with the drilling of two bounding locations to confirm the extent of this deposit. Parallel is acquiring seismic data to display the continuity of this block to the south of the resort Antonio J. Bermúdez, which has estimated a prospective resource of 700 MMboe to thousand.

Currently under construction is the well discharge line to go into production late next December.

• PEMEX discovers new oil field in southern Mexico

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