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Chicontepec Area

Project Stages

The development stages in the projects are displayed in the standard sequence for the industry. However, projects may be developed in a different sequence because of corporate decisions or events that push the owner to repeat stages. To access the full details of this project’s history please explore its milestones


Early Works
Tendering
Start: 10/2013
Completion: 01/2014
In Construction
Operation
Current Stage In production - under development
Start:06/2013
Completion: 10/2013
Project Details

Description

The Chicontepec area, or Activo Integral Aceite Terciario del Golfo, covers 3,800km2 and offers unique reservoirs located within a paleochannel that is part of the Tampico-Misantla basin. In 2010, five field laboratories were awarded to companies with expertise in production-enhancement solutions with the purpose of testing new technologies to be implemented in Chicontepec. The novel labs were awarded to Tecpetrol, Baker Hughes, Schlumberger, Weatherford, and Halliburton. Then, in 2012, Pemex's E&P unit, PEP, held a third round of incentive-based contracts that offered blocks in the Chicontepec area. Six blocks were put up for auction: Pitepec, Soledad, Amatitlán, Miquetla, Humapa and Miahuapan. While Pitepec did not attract any bids, the remaining five were awarded to both national and foreign operators: Operadora de Campos DWF, Halliburton, Baker Hughes, Vitol Energy, and GPA Energy. To date, Corralillo, Tajín, and Presidente Alemán are Chicontepec's top three oil-producing fields, while the main gas-producing fields are Corallillo, Agua Fría, and Tajín. Weatherford was in charge of boosting output at Presidente Alemán through its field laboratory. There are 3,291 wells in the area, of which 2,060 are producing. Total production averaged 45,000b/d by the end of 2014. According to Sener, Round One's Chicontepec blocks should be put up for auction in late 2015.

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Principal Works

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Related Companies

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Project Owners
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Consulting
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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Chicontepec Area
Project Type
Onshore, Upstream
Development Phase
In production - under development
Project Status
Active
Project Capacity
 Onshore
45,000  b/d (barrels per day)  Upstream
Location

The project is located in the Mexican states of Veracruz and Puebla, across 12 municipalities (nine in Veracruz state and three in Puebla state).

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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Project and Exploration Manager
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General Director
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Business Development Manager
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General Director and Project Manager
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Commercial Manager
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Purchasing Manager
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International Business Development
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