Wintershall Dea made an oil discovery in Block 30 of the Kan exploration prospect offshore Mexico. The field, in the shallow Cuenca Salina waters in the Sureste Basin, is estimated to hold 200 MMboe to 300 MMboe. The discovery is also Wintershall Dea’s first own-operated exploration well in Mexico.
Kan is located 16 miles off the Tabasco coast in a water depth of 164 ft. The zone is an area full of Miocene discoveries, including the Zama discovery, of which Wintershall Dea holds a significant working interest.
“After the recent submission of the Unit Development Plan for the Zama field and the acquisition of a material share in the producing Hokchi field, the discovery in Block 30 is the next important milestone for Wintershall Dea in Mexico,” said Martin Jungbluth, Managing Director of Wintershall Dea in a press release.
The Kan well, which is the first of two commitment wells in Block 30, was drilled by the Borr Ran rig. The rig reached a total depth of nearly 11,000 feet and found more than 560 feet of net pay sands of Upper Miocene. An updip sidetrack down to 10,000 meters was also carried out, and an additional 820 feet cores across the main reservoir sands were recovered.
After the Kan-1EXP well and the sidetrack were completed, the Borr Ran rig was moved to a second well to be drilled at Block 30, the Ix prospect, which lies 12 miles northeast of the Kan discovery.
The discovery is viewed as a “significant step” in the development of a new hub in the Sureste Basin, according to Wintershall Dea’s Chief Technology Officer Hugo Dijkgraaf.
Wintershall Dea and its partners Harbour Energy and Sapura OMV will continue to evaluate the subsurface data collection to prepare an appraisal plan for the discovery. The plan will be submitted to Mexico’s Hydrocarbon Agency CNH before the end of July. Wintershall Dea operates the field and holds a 40% stake in Block 30. Harbour Energy and Sapura OMV each hold 30% ownership.
Recommended Reading
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
Investor Returns Keep Aethon IPO-ready
2024-10-08 - Haynesville producer Aethon Energy is focused on investor returns, additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
Investment Firm Elliot Calls for Honeywell Restructuring in Letter to Board
2024-11-13 - As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that Honeywell should split into two entities—Honeywell Aerospace and Honeywell Automation.
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.