Mexico
News

Pemex finds light crude at onshore well

Bnamericas Published: Monday, November 26, 2012
Mexico's national oil company Pemex has discovered light crude at the Navegante-1 well in the Cuencas del Sureste zone of Tabasco state, President Felipe Calderón said in a press event. Spud in April 2012, the well reached a TD of 6.8km where tests found 45 degree API light crude. Initial estimates say the play holds 3P reserves of up to 500Mboe with a median of 290Mboe. The NOC's E&P arm, PEP, is drilling two delineating wells to confirm the size of the field. Extraction infrastructure is also being built with hopes of beginning production by end-December. Along with deepwater discoveries Trion-1 and Supremus-1, Navegante-1 is Pemex's third light crude discovery in three months.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Mexico)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Mexico)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Grupo Cemza  (Cemza)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...