Italy’s Eni reached a milestone for Mexico’s 2013 Energy Reform when it became the first international company since the industry’s liberalization to drill a well in the shallow waters of the Gulf of Mexico, “confirming the presence of oil in multiple reservoirs,” the company said in a press release.
The Amoca-2 well in Campeche Bay, 200km west of Ciudad del Carmen, found 110 meters of net oil pay “from several good quality Pliocene reservoir sandstones, of which 65 meters were discovered in a deeper, previously undrilled horizon,” the oil Major added. Reserves are still being assessed but indicate significant upside from original estimates.
Rome-based Eni won Contractual Area One in Round 1.2 in September 2015 in the shallow waters of the Southeastern Basin of the Gulf of Mexico, including the fields of Amoca, Teocalli and Mizton in an area comprising 67km2. At the time of the auction the official data showed 2P reserves of 107 million barrels of light oil and 69 million cubic feet of gas.
The well showed presence of 18° API heavy crude oil in the shallower formations, “while the newly discovered deeper sandstones contain high-quality light oil,” Eni added.
“This important discovery comes in a country where Eni has not yet operated and confirms our exploration capabilities, building upon our strong exploration track-record,” Eni’s CEO Claudio Descalzi said in the release.
The drilling campaign will continue with a new well in the Amoca area, followed by the Mizton 2 and Teocalli 2 delineation wells to be drilled this year, the company said.