Mexico City, Oct 9 (IANS/EFE) The new oil field found in the deepwater Gulf of Mexico boosts Mexico’s production curve to 50 years, Energy Secretary Jordy Herrera said.
State oil monopoly Petroleos Mexicanos, or Pemex, made the find at the Supremus 1 well, located some 250 km east of the city of Matamoros, Tamaulipas state, and roughly 40 km south of Mexico’s maritime border with the US.
The discovery amounts to about one-third of Mexico’s total reserves, Herrera said at the closing Sunday of the 34th National Electrical Manufacturers Association convention in Huatulco, Oaxaca.
The field, located in the Plegado Perdido Belt off Tamaulipas, in northeast Mexico, will allow the country to factor in a 50-year time horizon on its oil production, the energy secretary said.
President Felipe Calderon announced the significant discovery of crude in the Gulf last Friday, hailing the find as confirmation of a “huge oil system” in that region.
The well was drilled to a water depth of 2,874 meters and a total depth of nearly 4,000 meters, Calderon said, adding that with the find Pemex expects to book between 75 million and 125 million barrels of new 3P (proven, probable and possible) reserves.
If those parameters are confirmed with new drilling and scientific studies, production equivalent to roughly 10 percent of Pemex’s current annual output could come from that well alone, Calderon said.
But most importantly the discovery – which comes on the heels of a recent find at the Trion 1 well in that same region – provides greater certainty about the existence of a “huge oil system” in the deep waters of the northern Gulf of Mexico.
The Trion 1 find, which Calderon announced Aug 29, has a production potential of 350 million barrels.
–IANS/EFE
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