Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« EPA approves emergency fuel waiver for Louisiana | Main | Li-ion maker EnerDel launches services and aftermarket group »

Print this post

Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

29 August 2012

Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. The state-owned company’s Trion 1 well, 177 km off the coast of Tamaulipas, confirmed the presence of light oil reservoirs in the province of the Perdido fold belt.

The well, located 39 km. south of the border territory with the US (earlier post), was drilled to 2,500 meters (8,202 feet) water depth and current depth of 4.5 kilometers (2.8 miles), including seafloor crust. The well drilling began last June with the sixth-generation platform Bicentennial, built in Korea.

The total thickness of the pay is 320 meters, with a porosity of 18-25% and a permeability of 250 milidarcys—sufficient to ensure productivity with an estimated flow of up to 10,000 barrels a day.

Preliminary evaluation allows for an average range of 3P reserves (proved, probable and possible) of 350 million barrels of oil equivalent. PEMEX said that the find gives more certainty to prospective resources in the Perdido Area project, estimated at up to 10 billion barrels of oil equivalent, which would allow Mexico to increase oil production in the medium- and long-term.

PEMEX will continue evaluating deeper objectives.

August 29, 2012 in Brief | Permalink | Comments (2) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef017617818a6f970c

Listed below are links to weblogs that reference Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent:

Comments

Woo hoo, lets see US uses 19 million barrels of oil a day, so this would last... 18 days.

The 10 billion is a little better, but it's still less than 2 years. (not exactly long-term as the article says).

Of course I do understand we don't use all the oil from one source.

Shale Oil may provide a larger share of USA's oil in the not too distant future specially if price keeps over $100/barrel.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group