A consortium led by Spain’s Repsol including Germany’s Wintershall DEA and Thailand’s PTTEP have discovered two deepwater oil fields in the Gulf of Mexico, the companies said May 4.
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The consortium said in a statement that the find was in the Polok-1 and Chinwol-1 wells, located in Block 29 of the Salina Basin, off the southeastern states Veracruz and Tabasco.
“Both wells confirm that the area has great potential,” it said. The statement added that the reservoirs in Mexican waters are more than 200 and 150 meters deep, respectively.
Repsol has a 30% stake in the consortium while PC Carigali Mexico Operations, a Petronas subsidiary, has 28.33%. Wintershall DEA holds another 25% and PTTEP Mexico E&P Ltd. 16.67%.
The consortium said it would evaluate the data from the two wells to prepare an exploration plan that will better determine the size of the finds to be presented before the end of the year to the regulator, the National Hydrocarbons Commission.
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