PEMEX suspended with results unreported the Bedel 101EXP directional new-pool wildcat (NPW) in the AE-0040-2M-Tesechoacan-02 (AE-0131-Llave) entitlement block in the onshore Veracruz Basin during mid-December 2019.    The      NPW was spudded on 27 August 2019.  The NPW had      a proposed total depth (PTD) of 3,535 m measured depth (MD) and 3,490 m      true vertical depth (TVD).   The well is      located in the southwestern area of the block, south of the Bedel Field,      and was targeting the middle Miocene in a separate fault block in two      intervals, one at approximately 3,000 m and one at 3,910 m.   The unrisked      prospective resources for the NPW was estimated to be 9 MMboe.      The      total estimated drilling cost was USD 7.25 million with USD 1.50 million      estimated to be for completion operations.      On      8 August 2019, the CNH approved the drilling permit request submitted by      PEMEX for the Bedel 101EXP new-pool wildcat (NPW) in the      AE-0040-2M-Tesechoacan-02 entitlement block which was converted to the      AE-0131-Llave entitlement block on 28 August 2019.     The      1,168.11 sq km AE-0040-2M-Tesechoacan-02 entitlement block was granted by      SENER to Pemex 100% through Ronda 0 on 27 August 2014. The entitlement      expired on 27 August 2019 and replaced by the AE-0131-Llave entitlement      block on 28 August 2019.   On 6 August 2019, the CNH approved modifications to the exploration plan submitted by PEMEX for the AE-0040-2M-Tesechoacan-02 entitlement block in the onshore Veracruz Basin. The approved modifications include the drilling of 1 firm commitment exploration well and one contingent, incremental exploration well.
Mexico (Veracruz B.) Bedel