Pemex Drills 3 Successful Wells in Q1 2009
According to a report from Business News Americas, Pemex drilled three discovery wells in Mexico during the first quarter of 2009. With a combined initial production of 13,700 bopd, the state-run oil company's quarterly report stated that all three wells produce super light crude.
Located in the southern Marine Basin, the Bricol-1 and Cupache-1 wells are situated on the Cinco Presidentes project. Bricol-1 showed initial production rates of 5,200 bopd, while Cupache-1 showed initial rates of 1,300 bopd.
The largest discovery of the batch, the Bajilum-1 well was drilled on the Juliva project with an initial production rate of 7,200 bopd.
With production waning in the country, Mexico has committed to investing some $20 billion in 2009 to exploration and production activities.
Operates 45 Offshore Rigs
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut (Oct 04)
- Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct (Sep 28)