PEMEX officially suspended as an oil and gas discovery the Cibix 1EXP new-field wildcat (NFW) in the AE-0056-2M-Mezcalapa-06 entitlement on 20 March 2019 after being suspended for many months in 2018 for unknown reasons.Â  Â     In early-May 2019 with its 1st quarter 2019 results PEMEX reported that the Cibix 1EXP oil and gas discovery tested 3,368 bo/d and 8.61 MMcfg/d.       In September 2018, PEMEX reported that the well      was a discovery and it wants to fast track its development.  The final total depth (TD) was 3,960 m. Â   The NFW was spudded on 8 August 2017 but may have      been suspended for several months until December 2017. Â     The well had a proposed total depth (PTD) of      3,955 m and the primary target was the Upper Miocene at two objectives      depths, 2,410 m and 2,860 m.    On 22 June 2017 the CNH      approved a PEMEX request to drill the Cibix 1EXP new-field wildcat (NFW)      in the AE-0056-M-Mezcalapa-06 entitlement after receiving approval to      modify its work commitments for the block.    The      Cibix 1EXP has prospective resources of 13 MMboe.Â  The prospect is located in a fault block      associated with a large regional listric fault.Â  The proposed target is located in one of      the small subsidiary fault compartments.Â       It is located about 3km north of the Navegante field.Â  The estimated drilling and completion      cost for the well is USD 8.4 million.     On 21 June 2017 the CNH approved a PEMEX request to modify the exploration plan for the AE-0056-M-Mezcalapa-06 entitlement.Â  PEMEX proposed modifications to its work commitments that includes the operator drilling the Cibix 1 new-field wildcat (NFW) in the block and re-processing 960 sq km of 3D seismic instead of acquisition of 156 km of 2D seismic and 285 sq km of 3D seismic.Â  With the modified plan PEMEX will actually decrease its total investment in the block from the original agreed to work commitments from MXN 1,095 million to MXN 920 million but will have an extra well in the plan from one to two.Â  PEMEX plugged and abandoned dry the Japoka 1 NFW in the block in 2016.Â  The entitlement will presumably change to the AE-0056-2M-Mezcalapa-06 indicating the second modification to the entitlement once final, formal approvals are granted by SENER.    SENER awarded the AE-0056-2M-Mezcalapa-06 Entitlement to Pemex 100% through Ronda 0 on 27 August 2014. The block covers an approximate area of 974.04 sq km.
PEMEX) - Sureste Basin - officially suspended oil and gas discovery Cibix 1EXP - AE-0056-2M-Mezcalapa-06 entitlement