Total to drill deepwater oil well offshore Mexico in October

Total will drill its first exploration well in Mexico’s deepwater portion of the Gulf of Mexico starting in October.

Offshore staff

MEXICO CITY – Total will drill its first exploration well in Mexico’s deepwater portion of the Gulf of Mexico in October, according to Reuters. Mexico’s National Hydrocarbons Commission (CNH) approved the four-year exploration plan on Friday.

The plan calls for drilling either one or two exploration wells in the Perdido Fold basin just south of the US-Mexico maritime border between October and next March, according to CNH.

ExxonMobil is an equity partner in the Total-led consortium, which won the development rights to block 2 in Mexico’s first deepwater oil auction in late 2016. The 1,149-sq mi (2,976-sq km) block is believed to contain some 1.440 Bboe in mostly light and extra light crude as well as natural gas, according to energy ministry data.

03/23/2018

More in Drilling & Completion