BHP suspended with results unreported the Trion 3DEL directional outpost in the CNH-A1-Trion/2016 contract, Trion block during mid-August 2019 at an unreported final total depth (TD).    The outpost was spudded on 9 July 2019.     The      well had a proposed total depth (PTD) of 4,672 m measured depth (MD) and      4,247 m true vertical depth (TVD). Â   The      well was drilled by the Transocean âDeepwater Invictusâ D/S in a water      depth of 2,596 m.Â Â  Â   The      Lower Eocene Wilcox Formation was the primary target. Â   The      outpost is located approximately 1.8 km north-east of the Trion 1      discovery well.  The      original budget for the well was USD 69.43 million for drilling and USD      11.03 million for abandonment for a total cost of USD 80.46 million.Â  Due to the modified drilling plan the      drilling cost is now estimated to be USD 55.75 million and the abandonment      costs USD 9.03 million for a total cost of USD 64.78 million.  BHP      is operator of the contract with 60% working interest and PEMEX has 40%.   On 13 June 2019, the CNH approved a modification of the drilling permit submitted by BHP to drill the Trion 3DEL directional outpost in the CNH-A1-Trion/2016 contract, Trion block after the original permit was issued on 21 May 2019. Â The permit was modified after the operator concluded more geophysical interpretation and wanted to avoid a shallow geo-hazard identified.Â  It modified the well design to be a directional well and changed the casing program to reduce the number of casing strings by two.Â  This resulted in a 20% cost savings from the previously reported cost estimates.Â  It is also believed that well data from the Trion 2DEL outpost aided in the new well design concept. Â     On 3 March 2017, the BHP Billiton signed the Official Award for an exploration and production license contract for the Trion farm-out, CNH-A1-Trion/2016 contract and joint operating agreement (JOA) with PEMEX and the Mexican government through the CNH.Â  This was the first farm-out to be finalized by PEMEX and the government since the energy reform.  BHP suspended with results unreported the Trion 2DEL ST outpost in the CNH-A1-Trion/2016 contract, Trion block during mid-February 2019.Â  The operator opened a window in the successful Trion 2DEL outpost and drilled a directional wellbore approximately 1,350 m in length to determine where the oil-water contract is in the southern area of the field.Â  The final total depth (TD) has not yet been reported.Â  The outpost ST was spudded on 4 January 2019.Â Â Â  The Trion 2DEL ST had an estimated proposed total depth (PTD) of 5,000 m measured depth (MD) and was targeting the oil-water contact of the Eocene Wilcox Formation reservoir of the Trion structure. The Transocean âDeepwater Invictusâ D/S drilled the well in a water depth of 2,379 m. The Trion 2DEL and 2DEL ST are located in the southern area of the field and the 2DEL ST has the objective of determining where the oil water contact is.Â Â  The Trion 2DEL ST outpost has an estimated cost of USD 40.00 million at an exchange rate of 1USD = 18.5 MXN.Â Â  BHP is operator of the contract with 60% working interest and PEMEX has 40%. On 25 June 2018, the CNH approved the drilling permit for the Trion 2DEL outpost. In February 2018, the CNH approved the exploration and evaluation plans for the contract that includes drilling several new-field wildcats and outpost wells.
BHP suspended with results unreported the Trion 3DEL directional outpost in the CNH-A1-Trion/2016 contract, Trion block during mid-August 2019 at an unreported final total depth (TD). 