Super-majors to drill Mexico ultra-deepwater
Mexico Onboard the Maersk Developer, operating the Hadrian-5 well for ExxonMobil about 200 miles offshore in the KC-919 field in the Gulf of Mexico, on July 6, 2011. © 2011 Robert Seale
The super-majors will target the Etzil structure, located in the Perdido Fold Belt Area 2 block, and estimated to contain 2P reserves of 2.7 billion boe. According to the National Hydrocarbons Commission, which approved the exploration plan on Friday, the companies could recover as much as 916 million boe from Etzil.
Perdido Fold Belt Area 2 was awarded to operator Total (50%) and partner ExxonMobil (50%) in December 2016 as part of Round 1.4. The companies are obligated to drill a total of two wells in the block and invest at least USD 129 million during the four-year exploration period.
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