Page 6 - LatAmOil Week 31 2021

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Eni strikes oil at Sayulita field

ITALY’S Eni reported earlier this week that it
had found oil in Sayulita-1 EXP, an exploration
well drilled at the Sayulita prospect within Block
10, which lies within the Cuenca Salina/Sureste
basin offshore Tabasco State, Mexico.
In a statement, the company said that
Sayulita-1 EXP had encountered 55 metres of
net pay consisting of high-quality crude oil in
the Upper Miocene sequences. Data collected
during the drilling process indicate that the res-
ervoirs have “excellent petrophysical properties,”
it said.
The well is expected to have a production
capacity of up to 3,000 barrels per day (bpd), Eni
stated. Meanwhile, preliminary estimates indi-
cate that the prospect holds 150-200mn barrels
of oil equivalent (boe) overall, it said. Block 10’s Sayulita field may hold reserves of 150-200mn boe (Image: Eni)
Sayulita-1 EXP is the seventh well that Eni
has drilled in the Cuenca Salina/Sureste basin The Italian company indicated that it
to date. The Italian major used the Valaris 8505 intended to continue exploration work at Block
semi-submersible rig to sink the shaft to a total 10. The discovery of oil in Sayulita following the
depth of 1,758 metres at a site located about 70 find at Saasken in 2020 “confirms the value of
km from the coast in 325-metre-deep water. the asset and opens the potential commercial
The new discovery was made around 15 km outcome of Block 10, since several other pros-
away from Saasken, a field in the south-western pects located nearby may be clustered in a syner-
corner of Block 10. Eni reported an oil discovery gic development,” it said in the statement.
there in February 2020 after drilling Saasken-1, Eni is serving as operator of Block 10 and
its sixth well in the Cuenca Salina/Sureste basin, owns a 65% stake in the project. The remaining
and is due to appraise that field before the end equity is divided between Lukoil (Russia) with
of this year. 20% and Cairn Energy (UK) with 15%. ™

CFE, TC Energy strike deal on

construction of new gas pipeline

MEXICO’S national power provider Comision
Federal de Electricidad (CFE) said earlier this
week that it had struck an agreement with TC
Energy (Canada) on the construction of a new
natural gas pipeline in the southern part of the
country.
In a statement, CFE reported that the two
sides had signed a deal that provided for the
building of the conduit along an underwater
route skirting the coasts of Veracruz, Tabasco
and Campeche states. The pipe will originate in
Tuxpan, a city in Veracruz, and will connect to
the existing Mayakan pipeline at sites in Tabasco Mayakan pipeline (Image: Mayakan Energia)
and Campeche, it said.
The state-owned utility did not reveal how access more gas. “The agreement aims to solve
long the pipeline might be or how much it a long-running problem of the lack of natural
might cost to build. It did say that the project gas supply in the Mexican south-east and the
would allow the southern part of the country to Yucatan Peninsula,” it commented.

P6 www. NEWSBASE .com Week 31 05•August•2021