Oil well discovered off the coast of Veracruz and Tabasco

Imagen Descubren pozo petrolero frente a costas de Veracruz y Tabasco

The Italian company Eni announced on Monday the discovery of the Yopaat-1 EXP exploratory well in Block 9 of the Sureste Basin, off the coasts of Veracruz and Tabasco.

It is estimated to have between 300 and 400 million barrels of crude oil equivalent.

Eni acts as the operator of the Block 9 oil contract with a 50 percent stake, while the Spanish company Repsol has the remaining 50 percent, the oil company explained in a statement.

According to the report of the National Hydrocarbons Commission (CNH), the production potential of this well is equivalent to almost all the commercial discoveries registered in Mexico during 2023, which amounted to 436 million barrels of oil.

The company estimated: “The global estimate of existing resources currently exceeds 1.3 billion barrels of oil equivalent, allowing Eni to advance with studies towards a possible future development of the hub, including the discoveries and other prospects present in the area, in synergy with the infrastructures located nearby.”

It should be noted that Eni has been present in Mexico since 2006, and established its wholly-owned subsidiary Eni México S. de RL de C.V. in 2015.

Currently, Eni is the main foreign operator in Mexico and holds rights in eight exploration and production blocks, of which it operates seven, in the Sureste Basin in the Gulf of Mexico.

Source: xeu