Mexico’s president Enrique Peña Nieto and Eni’s CEO Claudio Descalzi met in Mexico City and discussed the Italian company’s plans in the country with a focus on the offshore Amoca prospect. Eni is looking at an eary production phase at the Amoca.
During Wednesday’s meeting, also attended by the Secretary of Energy Pedro Joaquín Coldwell , Descalzi outlined Eni’s activities and plans in the country, with particular reference to Contractual Area 1, fully owned by Eni.
In late March, Eni successfully drilled the Amoca-2 well finding oil on several levels with a meaningful upside to original estimates.
The well encountered approximately 110 meters of net oil pay from several good quality Pliocene reservoir sandstones, of which 65 meters were discovered in a deeper, previously undrilled horizon.
Amoca-2 is the first well drilled by an international oil major in Mexico since the 2013 Energy Reform. It is located in Area 1, 200 kilometers west of Ciudad del Carmen in shallow waters of Campeche Bay.
The central item discussed between the two was the development of the Amoca field, where Eni is studying the possibility of an early production phase, to anticipate the start-up of the field. A new well, Amoca-3, is currently being drilled in an unexplored part of the field that, in the case of positive results, might add further reserves.
Eni’s CEO Descalzi said: “I consider Mexico a country of great interest for Eni, with a huge potential. Our engagement in Area 1 is the first step of Eni’s growth in Mexico, as we plan to expand our presence in the country in the future. Area 1 is the ideal project to leverage our strong expertise in bringing similar developments on stream, optimizing time to market and costs.”
Eni has been present in Mexico since 2006 with a representative office and created its wholly owned subsidiary Eni México in late 2015.