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Repsol makes two significant deepwater oil discoveries in Mexican waters

Christian Fernsby |
Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Both wells confirmed high quality reservoirs with excellent properties, encountering net oil pay of 200 meters and 150 meters respectively.

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Topics: REPSOL   

With these finds Repsol has posted six discoveries from six wells drilled worldwide this year, uncovering combined gross resources in excess of 650Mboe, in the US, Mexico and Colombia.

The discoveries extend Repsol’s long-term exploration track record in Latin America and North America. Repsol applies the latest-generation tools and technology in this field, combined with the skills of an experienced exploration workforce.

Both wells in Mexico were drilled below their cost and time estimations with the highest standards for health and safety and under strict health protocols to avoid the propagation of Covid-19 to both offshore and onshore facilities.

The consortium partners Repsol (30%, operator) PC Carigali Mexico Operations, the Mexican subsidiary of PETRONAS (28.33%), Wintershall DEA (25%) and PTTEP México E and P Limited (16.67%) will evaluate all data collected in the wells to prepare the discoveries’ appraisal plan, to be submitted to Mexico’s hydrocarbons regulator CNH before the end of the year.

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