Mexico’s state oil company Petróleos Mexicanos (Pemex) expects to ramp up light oil production from its recent Macuil #201 exploration well later this year, a company official said June 6.

“This is where we are applying our early production strategy…and working on construction of a pipeline that will allow [us] to bring production online from the well in December” 2023, Leonardo Enrique Aguilera Gómez, Pemex exploration sub-director, said June 6.

“Seismic processing applying state-of-the-art algorithms and technological concepts have allowed the company to improve underground images and strengthen the portfolio of exploratory opportunities in the Tabasco coastal region,” Aguilera said in a corporate video posted to Twitter by Mexico City-based Pemex.

The Macuil #201 exploratory well was drilled in a record 40 days without setbacks or problems, Pemex operations engineer David Salas Santos said during the video.

Pemex didn’t provide details or production estimates for the well. Its media department team didn’t immediately reply to an email request from Hart Energy seeking details.

However, initial production from the nearby Macuil #101 exploration well was 457 bbl/d, according to details in Pemex’s first-quarter 2023 operational report on its website. Pemex’s oil production, including condensates, was 1.85 MMbbl/d in the first quarter.

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“The Tabasco coast, including the onshore region, has become strategic because it is where new production has come from,” Pemex CEO Octavio Romero Oropeza said in the video, speaking from the platform, called Tabasco, where the well was drilled.

In the Tabasco region, Romero said Pemex have identified 44 exploration possibilities with a prospective resource base of around 2 Bboe, which “could translate into work and production for many more years.”

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