Eni Estimates In-place Reserves in Cuenca Salina Sureste Basin: 150-200 MMboe.

Drilling Activity Details

Locations

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Mexico

Operators
Post Date
Shore Type
Well Name
#1-EXP Sayulita
Geo Coordinate

Drilling Activity Summary

Description

An Upper Miocene sequences oil discovery was reported by Rome-based Eni in offshore Mexico’s Block 10 Sayulita Exploration Prospect in the Cuenca Salina Sureste Basin. According to the company, the preliminary estimates indicate reserves between 150 and 200 MMboe in place. The #1-EXP Sayulita is the seventh successful well drilled by Eni in the basin and the second commitment well of Block 10. The well was drilled in a water depth of 325 m to a total depth of 1,758 m. The new discovery hit 55 m of net pay in Upper Miocene sequences with excellent petrophysical properties. Additional testing is planned and Eni estimates that the production capacity for the well is about 3,000 bbl of oil per day. The Block 10 joint venture partners are Eni (operator, 65%), Lukoil (20%) and Cairn Energy (15%).