Eni has successfully drilled the Tecoalli 2 well, in the shallow waters of the Campeche Bay, offshore Mexico. Thanks to the results of this well and the revision of the reservoir models of the Amoca and MiztÃ³n fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 billion barrels (Bboe), of which approx. 90% is oil and the remaining associated gas. The Tecoalli 2 well, located in Contractual Area 1, approx. 200 km west of Ciudad del Carmen, in 33 m of water depth, reached a final depth of 4420 meters encountering approx. 40 meters of net oil pay in the Orca formation, characterized by excellent quality sandstone reservoirs. The well was then deepened to the Cinco Presidentes formation exploratory target, finding further 27 meters of net oil pay. A production test will now be executed and then the well will be temporarily abandoned. The Tecoalli field sits 24 km from the Amoca field and 13 km from the MiztÃ³n field. Eni will shortly submit the Development Plan (PoD) for Area 1 to the approval of the local authorities (ComisiÃ³n Nacional de Hidrocarburos â CNH). As soon as the PoD is approved, Eni will sanction the development (FID), with production startup planned in first half 2019.Location of the 5 PSCs offered in the second part of the so-called Round One tender - including Area 1 Eni has been present in Mexico since 2006 and established its wholly owned subsidiary Eni Mexico S. de R.L. de C.V. in 2015. Eni holds rights in 4 exploration and production blocks in the Sureste Basin, all as Operator: Area 1 (Eni 100%), obtained in 2015 with the 'Ronda 1- LicitaciÃ³n 2', and Block 7 (Eni 45%), Block 10 (Eni 100%), Block 14 (Eni 60%), obtained in 2017 with the 'Ronda 2 â LicitaciÃ³n 1'. Original article link Source: Eni 
Mexico, not found