Eni Makes Oil Discovery Offshore Mexico



Eni Makes Oil Discovery Offshore Mexico
Eni revealed Monday that it has made a new oil discovery on the Saasken exploration prospect offshore Mexico.

Eni revealed Monday that it has made a new oil discovery on the Saasken exploration prospect offshore Mexico.

According to preliminary estimates, the find, which was made in the Sureste Basin in Block 10, may contain between 200 and 300 million barrels of oil in place. Eni said an intensive data collection has been carried out on the Saasken-1 NFW well, which led to the discovery, and noted that the data acquired indicates a production capacity for the well of more than 10,000 barrels of oil per day.

Saasken-1 NFW is the sixth consecutive successful well drilled by Eni offshore Mexico in the Sureste Basin. It is located approximately 40 miles off the coast and was drilled by the Valaris 8505 Semisub, reaching a total depth of 12,565 feet.

The Block 10 joint venture, comprising Eni (which holds a 65 percent operated interest), Lukoil (which holds a 20 stake) and Capricorn (which holds the remaining 15 percent interest), will work to appraise the discovery and to exploit nearby synergies in order to start the studies for a commercial development, Eni revealed.

Eni has been present in Mexico since 2006. The company currently holds rights in eight exploration and production blocks, including six as operator, all of which are located in the Sureste Basin.

Last month, Eni announced a gas and condensate discovery in the Mahani exploration prospect onshore in the Area B Concession of Sharjah in the United Arab Emirates.

The discovery was made through the Mahani-1 well, which was drilled to a total measured depth of 14,597 feet and encountered a thick gas-bearing limestone reservoir in the Thamama of Lower Cretaceous age, according to Eni. The well was tested with flow rates up to 50 million cubic feet per day of lean gas and associated condensate, Eni revealed.

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