Pemex Receives Permission to Explore Tampico-Misantla Basin in Mexico
Drilling Activity Summary
Description
Pemex has received permission to explore the onshore Tampico-Misantla Basin in southeastern Mexico in the states of Tamaulipas, San Luis Potosi and Veracruz. Pemex will explore for unconventional shale-based resources. According to the Mexico City-based company, exploration wells will be drilled and tested in mature fields. With the development of additional resources, the country’s present oil production could increase by about 300,000 bbl per day to about 1.9 MMbbl per day in 2021 and 2.4 MMbbl per day by 2024. Previously, Pemex decided to cease all exploration in unconventional areas as well as deepwater provinces to focus on onshore operations and on shallow water prospects. According to the country’s National Hydrocarbons Commission, Mexico's unconventional resources amount to an estimated 67.8 Bboe, of which approximately 32 Bboe are in the Tampico-Misantla Basin.
Pemex has received permission to explore the onshore Tampico-Misantla Basin in southeastern Mexico in the states of Tamaulipas, San Luis Potosi and Veracruz. Pemex will explore for unconventional shale-based resources. According to the Mexico City-based company, exploration wells will be drilled and tested in mature fields. With the development of additional resources, the country’s present oil production could increase by about 300,000 bbl per day to about 1.9 MMbbl per day in 2021 and 2.4 MMbbl per day by 2024. Previously, Pemex decided to cease all exploration in unconventional areas as well as deepwater provinces to focus on onshore operations and on shallow water prospects. According to the country’s National Hydrocarbons Commission, Mexico's unconventional resources amount to an estimated 67.8 Bboe, of which approximately 32 Bboe are in the Tampico-Misantla Basin.