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European oil companies Repsol and Eni make a new discovery of crude oil in a well in the Gulf of Mexico
Monday, July 8, 2024 - 12:45
Fuente: Reuters

The well operation would be divided equally and approximately 300 to 400 million barrels of oil and gas equivalent would be obtained.

The Spanish oil company Repsol and the Italian company Eni have made a new discovery of crude oil in the Yopaat 1 well, located in deep waters of the Gulf of Mexico.

As reported by the Italian company, preliminary estimates, after the successful drilling of block 9 of the well, 50% operated by Eni and whose remaining 50% participation is in the hands of the Spanish energy company, indicate a potential discovery of approximately 300 to 400 million barrels of oil and gas equivalent.

Eni highlighted that this positive result, together with the discoveries in two other blocks made by the company as operator, confirm the value of its portfolio in the Southeast Basin in Mexico.

Last April, Eni received authorization from the Mexican regulator to proceed with the drilling of this Yopaat 1 exploratory well in its blocks in area 9. This area is one of the areas with the greatest exploratory activity in the Aztec country.


In Mexico, Repsol has carried out a successful exploration campaign that has produced three discoveries in four years.

In 2020, the company made two major oil discoveries in deepwater Mexico with its exploration wells 'Polok-1' and 'Chinwol-1' in Block 29 of the Salina Basin.

Both wells confirmed high quality reservoirs with excellent properties. In fact, Repsol renounced its rights to five other blocks to concentrate its efforts on this block 29.

Thus, currently, the group led by Josu Jon Imaz actively participates in the preparatory activities for the development of the Polok and Chinwol discoveries.

For its part, for Eni, the global estimate of its resources in the country currently exceeds 1,300 million barrels of oil equivalent, which allows the transalpine company to advance with studies towards a possible future development of a hub , including discoveries and other perspectives present in the area, in synergy with the infrastructures located nearby.

Eni has been present in Mexico since 2006, where it established its subsidiary Eni México in 2021 and is the main foreign operator in the country.

The company owns rights in eight exploration and production blocks, of which seven as an operator, in the Southeast Basin in the Gulf of Mexico.


Europa Press