Italy’s Eni discovers new oil deposits off Mexican coast

Italy’s Eni has announced a new discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico, Report informs referring to the company’s website.

According to preliminary estimates, the new finding may contain around 200 million barrels of oil (MBoe) in place.

Yatzil-1 EXP is the second commitment well of Block 7 and the eight successful one drilled by Eni in the Sureste Basin. It is located approximately 65 kilometers off the coast, and 25-30 km away from other discoveries. The well was drilled by the Valaris DPS5 Semisub rig in a water depth of 284 meters and reached a total depth of 2,441 meters.

Yatzil-1 EXP found in excess of 40 meters of net pay sands with good quality oil in the Upper Miocene sequences with excellent petrophysical properties confirmed by an extensive subsurface data collection.

The Block 7 Joint Venture is composed by Eni, which is the operator with a 45% stake, Capricorn (30%) and Citla Energy (25%).

Currently Eni holds rights in eight exploration and production blocks (six as the Operator), all located in the Sureste Basin in the Gulf of Mexico.