Eni announced on March 17 its Yatzil exploration well in the Mexican Gulf of Mexico found an estimated 200 MMboe of reserves in place.
The new find in Block 7 is about 25 km away from other discoveries, and contributes to the potential cluster development of several prospects nearby, the operator said in a press release.
The Valaris DPS5 semi drilled the well in the Sureste Basin in 815 ft water depth to 8,008 ft total depth. The well found more than 130 ft of net pay sands with good quality oil in the Upper Miocene sequences. Eni said extensive subsurface data collection confirmed the oil had excellent petrophysical properties.
The Yatzil-1 EXP well was Eni’s eighth successful well in the Sureste Basin. It was also the second commitment well in Block 7. Eni had previously reported the the Saasken and Sayulita discoveries in Block 10.
Eni operates Block 7 with 45% interest on behalf of partners Capricorn with 30% and Citla Energy with 25%.
Recommended Reading
RBAC: Environmental Pressures Undercutting the Global Gas Network
2024-10-10 - RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.
Moelis’ Cantor: Trump to Make American Energy Investable Again
2024-11-06 - Former GOP Majority Leader Eric Cantor, vice chairman and managing partner at Moelis, said EV subsidies are likely to be in the president’s crosshairs in his second term.
EQT’s Rice: ‘Wake Up’ to Anti-Energy Movement
2024-11-08 - In the face of growing opposition to fossil fuels and energy infrastructure, EQT CEO Toby Rice pulled out a rallying cry at Hart Energy’s DUG Appalachia conference: “Wake up!”
LNG Sector Under Fire as Activists’ Lawsuits Surge
2024-10-10 - ESG litigation is increasingly affecting the LNG industry while, more broadly, nearly 70% of climate-related cases are filed in the U.S.
Exclusive: Trump Poised to Scrap Most Biden Climate Policies
2024-11-29 - From methane regulations and the LNG pause to scuttling environmental justice considerations, President-elect Donald Trump is likely to roll back Biden era energy policies, said Stephanie Noble, partner at Vinson & Elkins.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.