ENI plugged and abandoned oil and gas the Amoca 4DEL directional outpost well in the CNH-RO1-LO2-A1/2015 PSC contract on 1 June 2018.Â  The CNH reported in early-September 2018 that the well was a non-commercial producer, assumed to be from the deeper objective Cinco Presidentes Formation.  In late-July 2018, the CNH approved the development plan indicating that testing operations were concluded.Â  The only details regarding the well in the development plan is that the surface location will be utilized as one of the 13 production wells during the development phase.Â      The      outpost was spudded on 15 February 2018.Â    The      proposed total depth (PTD) was estimated to be 4,500 m and the Pliocene      Formation was the primary objective.Â    The      operator was drilling to a deeper section of the Cinco Presidentes      Formation to evaluate the deeper zones.Â    The      outpost was a commitment well for its one year evaluation period extension.   ENI holds 100% working interest in the contract.  In January 2018, ENI submitted its development plan to the CNH in order to fast track development of the three fields appraised in its 100% operated CNH-RO1-LO2-A1/2015 PSC contract during the course of 2017.Â  Production startup is provisionally projected to occur in first half 2019 if the development plans are approved in the near future.    As a result of its successful appraisal program, the operator estimates original hydrocarbons in place (OHIP) for the three blocks, Area 1 (Amoca-Mizton-Tecoalli A & B) of the CNH-RO1-LO2-A1/2015 PSC contract to hold 2 Bboe, with 90% of that oil.Â  ENI was granted an extension of the appraisal period for one year and plans to drill the Amoca 4DEL outpost in 2018 to further evaluate the Amoca field that holds the largest potential reserves of the three fields.Â  Â     ENI reported that it increased 2P and 3P reserves for the Amoca and Mizton fields from the original estimates in 2015 when its appraisal program was approved by the CNH. Â       It      increased the 2P reserves in the Amoca field from 34 MMboe to 219.9 MMboe      and 3P reserves from 48 MMboe to 498.5 MMboe. Â     In      the Mizton field ENI increased 2P reserves from 70 MMboe to 182.4 MMboe      and 3P reserves from 86 MMboe to 200.6 MMboe. Â     The      Tecoalli field was the only field to see a small decrease in      reserves.Â  The 2P reserves decreased      from 18 MMboe to 16.8 MMboe and the 3P reserves decreased from 53 MMboe to      18.5 MMboe. Â     For      the three fields total 2P reserves increased from 122 MMboe to 419.1 MMboe      and 3P reserves from 187 MMboe to 717.6 MMboe.Â  This implies an approximate 21% recovery      factor for the 2P reserves and a 36% recovery factor for the 3P reserves. Â      On 26 October 2017, the CNH approved a request by ENI International B.V. to modify the evaluation plan for its CNH-RO1-LO2-A1/2015 PSC contract and grant the company a one year extension.Â  The CNH granted the company a one year extension from 30 November 2017, two year evaluation period expiry date with the commitment of an additional 45,000 work units, above the 195,000 minimum work units and 64,350 additional work units bid, to be added to the one year extension period.Â  ENI has a total of 304,350 work units for the contract after the approved resolution.Â  The 45,000 additional work units will go to the drilling of an additional appraisal well.Â  ENI has plans to drill the Amoca 4DEL outpost in 2018.Â  The operator is currently drilling the fourth well in its evaluation plan, the Tecoalli 2DEL and must also test that well and the Mizton 2DEL concluded in September 2017.     On 30 November 2015, the Secretaria de Energia (SENER) issued a press release indicating that the contract signature and final award for the Area 1 (Amoca-Mizton-Tecoalli A & B) PSC contract, contract number CNH-RO1-LO2-A1/2015 to ENI International B.V. 100% was finalized. The contract was granted through the CNH-RO1-LO2/2015 Bid Round.Â  The Area 1 (Amoca-Mizton-Tecoalli A & B) PSC contract covers an area of 67.02 sq km.Â  The contract has a 25 year primary term followed by two possible five year extension periods. For Area 1 the total state take is estimated by SENER to be 90% to 92%.Â  ENI also offered a total of 259.35 work units estimated by SENER to be equivalent to an investment of USD 1.144 billion.
ENI plugged and abandoned oil and gas the Amoca 4DEL directional outpost well in the CNH-RO1-LO2-A1/2015 PSC contract on 1 June 2018.  The CNH reported in early-September 2018 that the well was a non-commercial producer, assumed to be from the deeper objective Cinco Presidentes Formation. 