(Pemex, 7.Mar.2017) – The approval of the bidding process for the selection of a partner for the exploration and extraction of the Ayin and Batsil fields in the coastline of Tabasco, it strengthens the Petróleos Mexicanos strategy to establish associations to stabilize the oil production and to begin increasing it in a profitable, safe, and sustainable manner.
The National Hydrocarbons Commission published the terms of the said bidding process in the modality of a shared production contract in shallow waters. This is the second association or farm-out entered into by Pemex, with which it will have strategic associations in both shallow and green waters.
As it occurred for the Trion field, Pemex joins the bidding rounds of the CNH, as this process will be a part of Round 2.1, the results of which will be disclosed on June 19.
So, the Pemex Business Plan continues to be applied, which considers that it is fundamental to take advantage of the instruments provided by the Energy Reform in order to make alliances and associations. This way, it will be possible to increase the availability of resources to increase production and accelerate the financial recovery of the company.
The Ayin and Batsil fields contain total 3P reserves of nearly 300 million barrels of crude oil equivalent. They cover an area of 1,096 square kilometers with a waterway of 82 meters in the Batsil field and of 176 metres in the Ayin field, a depth that surpasses that of all the fields that Pemex has developed in shallow waters.
The block includes a total of 12 wells (10 exploratory wells and two development wells), mainly of heavy crude, as well as medium crude and dry gas. The exploration success probability is greater than 50 per cent.
It is estimated that initial production will occur in 2020, with a maximum of almost 80 thousand barrels per day over the following years.
These fields are located 50 kilometers from the port of Frontera, Tabasco, and 70 kilometers of great fields, such as Ku Maloob Zaap and Cantarell. They have a nearby preexisting infrastructure, such as Dos Bocas marine terminal in Tabasco and the island of Ciudad del Carmen, in Campeche, as well as an established supply chain. Due to the above, it is a very attractive block for its commercial and expedited development.
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