Eni has signed a production-sharing contract (PSC) with the Comisión Nacional de Hidrocarburos of Mexico (CNH) to develop the Amoca, Miztón and Tecoalli oil fields in the Bay of Campeche offshore Mexico, the company said in a news release.
Eni was awarded the rights for the development and exploitation of the three Area 1 fields on Sept. 30 following an international tender. The fields are in conventional waters at a depth of 20-40 m close to shore, the release said.
According to the official estimates by the CNH, the combined oil volumes in place for the three fields amount to about 800 million barrels of oil and 480 billion cubic feet of associated gas. Eni said it will now proceed with the delineation campaign of the fields by drilling four new wells, with the target of identifying a synergic and fast-track development plan.
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