Mexico’s Tonalli to start drilling

Mexico

XALAPA, March 9, 2018 – E&P company Tonalli Energía has obtained permission to begin drilling its first well in the Tecolutla field, parent company International Frontier Resources (IFR) announced in a statement on Thursday.

“Having satisfied all regulatory requirements, Tonalli is now preparing for rig mobilisation and drilling operations for the TEC-10 directional development well,” said Steve Hanson, IFR president and CEO.

The company plans to spud the well in mid-April, aiming to produce from previously untargeted reservoir locations in the El Abra formation.

“Based on our interpretation of 3D-seismic data, we believe the Tecolutla field has been significantly underdeveloped, and the TEC-10 well is an important step in developing the asset to achieve commercial production,” Hanson said.

Tecolutla is part of onshore Contract Area 24, located in the state of Veracruz. The company acquired the block in Mexico’s Round 1.3.

Established in 2015, Tonalli Energía is a 50-50 joint venture between Canada’s IFR and Mexico’s Grupo Idesa.

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