RE: Company turnaround under way21 Oct 2024 09:39
In comparison... has wmade a new discovery at the Yopaat-1 EXP exploration well in Block 9 of the Sureste Basin offshore Mexico. Preliminary estimates indicate a discovered potential of around 300-400 million barrels equivalents of oil and associated gas in place. The well was drilled with Valaris 8,500-ft semisubmersible Valaris DPS-5 in 1,722 ft (525 m) of water and reached a total depth of 9,616 ft (2,931 m). The well encountered around 200 m of net pay in hydrocarbon bearing sands in the Pliocene and Miocene sequences. Valaris DPS-5 was previously used to drill the Saasil-1 well on adjacent Block 10. Following Yopaat-1 and other discoveries in the area, Eni estimates resources in place at its operated Blocks 7, 9, and 10 to exceed 1.3 billion BOE, which allows Eni to advance with studies towards a potential future hub development offshore Mexico. Eni is currently the operator of seven exploration and production blocks in the Sureste Basin. The company is the operator of Block 9 with a 50% interest, while Repsol has the remaining 50% interest.