Gas, Light Crude Found in Two Wells in Burgos and Tampico-Misantla Basins

Drilling Activity Details


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Drilling Activity Summary


Jaguar EP announced that it found gas and light crude reserves in two of its wells in the Burgos and Tampico-Misantla basins. The discovery in the Dieciocho de Marzo Field in the Burgos Basin has estimated gas reserves of 30-50 Bcf. The second discovery, Spinini in block TM-01 in the Tampico-Misantla Basin, is a gas and light oil discovery with 160 Bcf of gas and 20-30 MMbbl of light crude. Mexico City-based Jaguar will process the data to characterize the area geology and begin planning to produce the resource.