• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Eni hits oil offshore Mexico

2 years ago
in Business, Energy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
70
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Eni hits oil offshore Mexico

Italian energy giant Eni has made a new oil discovery in an exploration well located in Block 7 in the Sureste Basin offshore Mexico, using a Valaris-owned semi-submersible rig.

Eni announced a new discovery on the Yatzil exploration prospect in Block 7 on Friday, 17 March 2023. This prospect is located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the oil major highlights that the new finding may contain around 200 million barrels of oil (MBoe) in place.

The exploration well was drilled with the Valaris-owned Valaris DPS-5 semi-submersible rig, which Eni hired on a three-well contract in 2022 for operations in Mexico. The rig started drilling this prospect in February 2023. The Yatzil-1 well is the second commitment well of Block 7 and the eighth one drilled by Eni in the Sureste Basin, located approximately 65 kilometres off the coast, and 25-30 km away from other discoveries.

Block 7 offshore Mexico; Source: Capricorn Energy
Block 7 offshore Mexico; Source: Capricorn Energy

Furthermore, the Yatzil-1 well was drilled at a water depth of 284 metres and reached a total depth of 2,441 metres. Based on Eni’s statement, the well encountered in excess of 40 meters of net pay sands with good quality oil in the Upper Miocene sequences with excellent petrophysical properties confirmed by extensive subsurface data collection.

This follows the Saasken and Sayulita discoveries in Block 10. The oil major believes that this discovery confirms the value of its Mexican asset portfolio, contributing to the potential synergic cluster development of several prospects located nearby.

The Block 7 Joint Venture consists of Eni (operator with a 45 per cent stake), Capricorn (30 per cent) and Citla Energy (25 per cent). Previously, Eni drilled an exploration well on Block 7, named Ehecatl-1 located 65 kilometres offshore in a water depth of 426 metres, which reached a total depth of 4,451 metres. The firm did not find hydrocarbons and the well was permanently plugged and abandoned in May 2020.

The Italian player claims that Mexico is a core country in its organic growth, and is currently producing more than 30,000 barrels of oil equivalent per day (boed) from the Area 1 phased development project, which is expected to be completed by 2025.

Moreover, Eni has been present in Mexico since 2006 and established its wholly-owned subsidiary Eni Mexico S. de R. L. de C.V. in 2015. Currently, the oil major holds rights in eight exploration and production blocks – six as the operator – all located in the Sureste Basin in the Gulf of Mexico.

Regarding Eni’s recent activities, it is worth noting that the Italian giant more than doubled its annual profit in 2022, driven by elevated oil and gas prices and higher energy demand, especially in Europe, where the oil major contributed to strengthening energy security amid the gas crunch due to the Ukraine crisis.

Tags: Eni hits oil offshore MexicoEnjOil
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.