PEMEX suspended as an oil and gas discovery the Hok 1 new-field wildcat (NFW) in the AE-0019 block in the Sureste Basin during late-September 2017.Â  The CNH reported in mid-October 2017 that the well was an oil and gas discovery from the Upper Miocene formation which wasnât the primary objective.Â  PEMEX is planning an appraisal well but has yet to make any announcement regarding the discovery.Â  The NFW reached a total depth (TD) of 6,766 m in early June.Â  The well was spudded on 1 February 2017.Â Â  The NFW had a proposed total depth of 6,750 m.Â  It was drilled by the âWest Oberonâ J/U in a water depth of 18 m. Â The Middle Cretaceous and Jurassic formations were the primary objectives. The Middle Cretaceous Formation target is located from 5,560 m to 5,600m to 6,000 m while the Upper Jurassic target is located from 6,250 m to 6,750 m. On 15 August 2016, the CNH approved plans by PEMEX to drill the Hok 1. The original plans were to spud the well in September 2016 with conclusion estimated to be in April 2017. The well is a high temperature, high pressure well with temperatures estimated at about 192Â° C and surface pressures of 9,625 psi.Â  The structure is a north south trending anticline influenced and partly trapped by a salt diaper and a related reverse fault. The drilling cost for the well is estimated at USD 53.03 million with exchange rate of 18.5 MXN to 1 USD and completion costs are estimated to be USD 19.3 million. The reported reserve estimates for the prospect are 95 MMboe.  The well is located in the central area of the block. The nearest well is the Oktan 1A located 7.2 km south-east in the central southern border of the block. SENER awarded the AE-0019-Okom-02 entitlement to Pemex 100% through Ronda 0 on 27 August 2014. The block covers an approximate area of 976.40 sq km. Â 
Hok 1 op. by Pemex (100%) in AE-0019 block area, oil and gas discovery from the Upper Miocene formation 