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Analysis

Six Blocks in Mexico's Northern Region

Wed, 01/25/2012 - 15:12

Mexico's Northern Region

1. Altamira

Altamira is located in Tamaulipas approximately 40km from the city of Tampico. It has an area of 1,625km2 and has 1P reserves of 2 million Boe and 3P reserves of 11 million Boe. This area holds a total of 87 wells of which only 25 are currently operating. The original volume of hydrocarbons in the area was 104 million bbl of crude and 103 Mcf of gas. The production of gas in Altamira began in 1926. Current production stands at 1,000 bbl/day of crude, and zero production of gas.

2. Pánuco

Pánuco is located in the state of Tamaulipas, and has a total area of 1,839km2. Within the limits of Pánuco are located the fields of Salinas, Pánuco, Topila and part of Cacalilao. The discovery and production of the fields of Pánuco began in 1904 and since then, 1,626 wells have been drilled with only 191 currently in operation. 1P reserves for the area are 8 million Boe, with 3P reserves standing at 50 million Boe. The original volume of crude at Pánuco was 6.86 billion bbl of crude and 21.06 Bcf of gas. However, current production only stands at 3,000 bbl/day of crude and 2 Mcf/day of gas.

3. Tierra Blanca

Tierra Blanca is the second smallest area on oer in the second round of ISCs, with a total area of 358km2. It is located in the state of Veracruz within the limits of the basin Tampico-Misantla. A total of 380 wells have been drilled in Tierra Blanca but only 49 continue to operate. Current reserves stand at 5 million Boe 1P and 6 million Boe 3P. Original hydrocarbons in place stood at 953 million bbl of crude and 532 Mcf of gas. Current production is 2,000 bbl/day of crude and 1 Mcf/day of gas.

4. San Andres

San Andrés is located across the Tamaulipas and Veracruz border, 35km from the city of Poza Rica in Veracruz. The first field in San Andres was discovered in 1956. It has a total area of 209km2, and is the smallest area on oer in the second round of ISCs. With only 50 operating wells, 1P reserves stand at 6 million Boe and 3P reserves at 31 million Boe. Original hydrocarbons in place stood at 1.43 billion bbl of crude and 1.73 Bcf of gas. Current production stands at 1,000 bbl/day of crude and 5 Mcf/day of gas.

5. Arenque

Arenque is one of the oshore areas on oer during the second round of ISCs, and is located approximately 30km from Tampico in Tamaulipas, on the Mexican continental shelf. It has an area of 2,035km2, and is the largest area in terms of reserves, with 1P reserves standing at 76 million Boe and 3P reserves of 100 million Boe. The original hydrocarbons in place stood at 1.23 billion bbl of crude, and 1.35 billion Mcf of gas.

6. Atún 

Atún is the second of the oshore areas being presented for tender in the second round of ISCs. Like Arenque, it is located on the continental shelf, approximately 40km east–southeast of Tuxpan in Veracruz. It has a total area of 625km2 and the exploitation of the area began in 1968. 1P reserves at Atún stand at 9 million Boe, and 3P reserves at 26 million Boe. Original volume at Atún was 406 bbl of crude and 983 Mcf of gas. 72 wells have been drilled in this area and currently, only two remain in operation.

Volume six blocks mexico