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.


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