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.

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