On 1 February 2020, PEMEX abandoned dry the Baalkah 1EXP New-field wildcat (NFW) in the AE-0155-Chalabil Entitlement Block. The well reached total depth (TD) around 5,800 m. The Baalkah prospect unrisked prospective resources were estimated to be 49 MMboe and the 28% success factor lowers it to 14 MMboe in risked resources. The prospect is located in the south-western area of the block about 1.2 km east of the boundary with the westerly adjoining CNH-R03-L01-AS-CS-06/2018 contract operated by Total with PEMEX as the lone 50% partner.   The NFW was spudded on 9 August 2019, and was targeting the Cretaceous and Jurassic at a proposed total depth (PTD) of 6,140 m. The prospect is a sub-salt prospect on a north-west to south-east elongated structure bounded by faults and salt. The operator drilled approximately 400 m salt section in the Oligocene section of the well. The Cantarell II J/U rig drilled the well in a water depth of 27m.     The estimated drilling cost was USD 39.6 million at 1USD = 20 MXN and the estimated completion cost was USD 18.65 million. On 4 July 2019, the CNH approved a drilling permit request by PEMEX for the Baalkah 1EXP NFW.    SENER      awarded the AE-0018-2M-Okom-01 entitlement to Pemex 100% through Ronda 0      on 27 August 2014 but it expired on 27 August 2019 and was replaced by the      AE-0155-Chalabil entitlement block on 28 August 2019. The block covers an      approximate area of 837.71Â sqÂ km.    Background Information  On 8 February 2019, the CNH approved a modification request to the exploration plan submitted by PEMEX for the AE-0018-2M-Okom-06 entitlement block which includes incremental additional work commitments of drilling two exploration wells and re-processing 370 sq km of 3D seismic. The entitlement already had one well drilled, the Kinbe 1EXP which was junked and abandoned in April 2018.This well was the one firm commitment well approved in its exploration plan when the entitlement was granted a two-year extension on 27 August 2017.   The Baalkah 1EXP is the other prospect PEMEX has as a commitment well. The operator also plans the incremental appraisal well the Kinbe 2DEL which will target the Jurassic at a PTD of 6,000 m. This well was previously approved to be drilled by the CNH in November 2018 with the Kinbe evaluation plan. It is expected to spud in late-February 2019. The total budget, encompassing the entire two-year extension period, for drilling three wells and G&G studies is USD 89.45 million at 1USD = 20 MXN.
Mexico (Sureste B.) Baalkah 1EXP op. by PEMEX (100%) in AE-0018-M-Okom-01 block, TD = 5804 m, WD = 27 m, Baalkah 1EXP nfw (Pemex 100%), SW part of AE-0018-2M-Okom-06 block, offshore, WD 27m, TD=5800m late Jan '20. Target Cret. + Jurassic sub-salt. Resutls unreported. 