Eni announced on March 17 its Yatzil exploration well in the Mexican Gulf of Mexico found an estimated 200 MMboe of reserves in place.

The new find in Block 7 is about 25 km away from other discoveries, and contributes to the potential cluster development of several prospects nearby, the operator said in a press release.

The Valaris DPS5 semi drilled the well in the Sureste Basin in 815 ft water depth to 8,008 ft total depth. The well found more than 130 ft of net pay sands with good quality oil in the Upper Miocene sequences. Eni said extensive subsurface data collection confirmed the oil had excellent petrophysical properties.

The Yatzil-1 EXP well was Eni’s eighth successful well in the Sureste Basin. It was also the second commitment well in Block 7. Eni had previously reported the the Saasken and Sayulita discoveries in Block 10.

Eni operates Block 7 with 45% interest on behalf of partners Capricorn with 30% and Citla Energy with 25%.