News listings

energy-pedia exploration

Mexico flagMexico

South America / GoM >>> Mexico

Mexico: Wintershall Dea announces two significant oil discoveries offshore Mexico


05 May 2020

  • License partnership of Block 29 makes two significant oil discoveries in the Polok and Chinwol prospects
  • Polok discovery opens a new play within Mexico’s Salina Basin
Photo - see caption

Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico. Polok is a play opening discovery within the Early Miocene reservoir of the Salina Basin (part of the Sureste Basin), whereas Chinwol encountered oil in formations of the Pliocene.

Hugo Dijkgraaf, Wintershall Dea Chief Technology Officer and Executive Board member responsible for global exploration, said:

'These are breakthrough discoveries, confirming the materiality and quality of Wintershall Dea’s exploration license portfolio in the Sureste Basin. They emphasize Mexico’s importance as one of Wintershall Dea’s key target regions for growth globally.'

Polok and Chinwol are the first announced discoveries from a block, awarded in Mexico’s deep water round 2.4. in 2018.

Juan Manuel Delgado, Managing Director for Wintershall Dea’s Mexican business, pointed out:

'This is a great success. We have had a strong belief that discoveries like these could be made here. The Polok and Chinwol discoveries are a strong evidence of the oil potential of the Salina Basin. Opening a new play there, we are confident to further unlocking additional resources in Block 29 and the wider Wintershall Dea license portfolio. We are well positioned and looking forward contributing to the development of Mexico’s oil and gas sector.'

The Polok-1 exploration well was drilled to a total depth of 2,620 meters and encountered more than 200 meters of net oil pay from two zones in the lower Miocene.

The Chinwol-1 exploration well was drilled to a total depth of 1,850 meters and encountered 150 meters of net oil pay from three zones in the lower Pliocene.

The discoveries in Mexico’s Block 29 are 88 kms from the Mexican coastline of Tabasco and approx. 50 kms west-northwest of the world class Zama discovery, where Wintershall Dea holds a significant stake of 40%. The wells were drilled in water depths of 500 to 600 meters. The discoveries are just 12 kms apart from each other.

The reservoirs show excellent petrophysical properties. An intensive data collection has been carried out in both wells, including a total of 108 meters of core. The license partnership will work on potential appraisal measures and development options for the Polok and Chinwol discoveries, taking into account current market conditions.

The Block 29 partners are Wintershall Dea (25%), Repsol (operator, 30%), PC Carigali Mexico Operations S.A de C.V., the Mexican subsidiary of PETRONAS (28.33%) and PTTEP Mexico E&P Limited, S. de R.L. de C.V. (16.67%).

Photo - see caption
Location of Block 29 (Source: Wintershall Dea)

Wintershall Dea in Mexico

In Mexico, Wintershall Dea operates the producing onshore Ogarrio oil field, in partnership with Pemex. Furthermore, Wintershall Dea and its partners in Block 7 are currently assessing development options for the already appraised Zama discovery.

Wintershall Dea holds shares in ten exploration blocks in the Sureste and Tampico Misantla Basins, of which three as operator.

About Block 29

  • Location: Salina Basin (part of the Sureste Basin), offshore Mexico
  • Discoveries: Polok and Chinwol
  • Distance to shore: 88 kms
  • Distance to Zama discovery: 50 kms
  • Water depth: 500 - 600 meters below sea level
  • Partnership: Wintershall Dea (25%), Repsol (operator, 30%), PC Carigali Mexico Operations S.A de C.V., the Mexican subsidiary of PETRONAS (28.33%) and PTTEP Mexico E&P Limited, S. de R.L. de C.V. (16.67%)

Original article link

Source: Wintershall DEA





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 355

Completed Deals

Completed Upstream Deals: 5492

Company Profiles

Current Company Profiles: 2722

Corporate Activity

Current Corporate Activity articles: 3495

Companies Looking

Current number of articles: 439

Company Sales

Current Company Sales articles:1420

Geostudies

Current Geostudies articles: 732

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
Union Jack Oil 149
Rose & Assocs 149
OPC
Government of South Australia
SLR Consulting logo
KL Publishing
Geoespace
energy365
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com