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.