Mexico to offer 35 shallow-water blocks in March 2018 bid
- Source: chemnet
National Hydrocarbon Commission will auction 35 shallow-water blocks
in its first invitation to bids of the country's third hydrocarbon
auction round, or Round 3.1, the commission, or CNH, said Thursday.
blocks have a range of prospective resources ranging from light to
heavy crudes, as well wet and dry gas blocks, the CNH said at a
webcast session. The auction will be held March 27, 2018.
total area of the blocks is 26,300 sq km. They are in the Burgos,
Tampico-Misantla-Veracruz and Cuencas del Sureste basins.
feature of Round 3.1 is the inclusion of four
"exploration-extraction clusters," CNH said. These blocks
include discovered fields that were not awarded in Round 2.1.
blocks will give access to areas with exploration potential as well
discovered fields ready for development, CNH has said previously.
auction 14 fields with a total area of 8,400 sq km in the Burgos
region in the state of Tamaulipas' offshore. This is the first time
Mexico would offer blocks in this region.
have an average area of 602 sq km, water depths up to 590 meters and
prospective resources of 56% wet gas and 44% light oil. Expected
resources for four blocks is wet gas and for 10 blocks is light oil.
offer 13 blocks in the Tampico-Misantla-Veracruz, or TMV, basin with a
total area close to 12,500 sq km. These blocks have an average area of
960 sq km and their water depths are up to 860 meters.
prospective resources in this area are 61% dry gas, 18% wet gas and
21% light oil. Seven blocks have light oil and six mostly dry gas
offer at TMV two exploration and production clusters. The first is
Block 15, with two discovered fields, Tiburon and Tintorera, with
light oil of 33 API.
is Block 21 with three discovered fields. Cangreja with heavy oil of
22 API and associated gas, Mejillon with light oil of 40 API and
associated gas, and Kosni, a pure gas field. The government added new
acreage to these blocks with more prospective resource to make them
more attractive to industry, a CNH spokesman told S&P Global
Platts on Thursday.
will also offer eight blocks with at the prolific Cuencas del Sureste
basin, where state oil company Pemex has significant projects such as
Cantarell, Ku-Maloob Zaap and Ayin-Batsil.
total area of these blocks is close to 5,350 sq km. These have an
average size of 670 sq km and have a water depth of up to 880 meters.
total prospective resources in this area are 48% light oil, 10% wet
and dry gas, and 42% heavy oil. Six blocks have light oil and two
blocks have heavy oil and wet gas resources.
region, CNH will offer two exploration and production clusters. Block
31 has two discovered fields, Xicope, a pure gas field, and Xaxamani,
an oil and gas field. Block 34 has the Tunich Field, which has 8 API