Pemex Confirms Veracruz Hydrocarbon Find

The exploratory well Puskon-1, Petróleos Mexicanos (Pemex) drilled 37 miles (61 kilometers) off the coast of Tuxpan, Veracruz proved the existence of an active petroleum system in the area, recording a series of demonstrations of hydrocarbons.

The well was drilled in a water depth of 2,122 feet (647 meters) by the Noble Max Smith (DW semisub), in order to evaluate the potential for a possible formation of the Mesozoic, which extends over an area of about 7,722 square miles (20 thousand square kilometers).

The Puskon-1 was set to reach a total depth of 26,657 feet (8,125 meters) but confirmed the presence of wet gas at 23,622 feet (7,200 meters) and recorded temperatures and pressures higher than predicted at 25,039 feet (7,632 meters).

Pemex is currently working on characterizing structural-stratigraphic and petrophysical of this training, in order to define its distribution and potential.

It also updated the geological-geophysical interpretations, in order to propose a new location future exploration to assess the potential of this oil objective and well considered design suited to the characteristics identified in this area.

Also, that based on the rock samples and geophysical log analysis, it was possible for Pemex to identify a thickness of 2,598 feet (792 meters) of rocks of Paleocene age, attractive porosities and two intervals of economic interest between 23,294 feet (7,100 meters) and 24,426 feet (7,445 meters) of oil.


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