The Mexican subsidiary of PTTEP, Thailand’s largest oil and gas producer, and three partners including the Mexican subsidiary of Spain’s Repsol SA, will be assessing commercial potential of the new discovery in two exploration wells in Block 29, PTTEP said in a statement.
“Both exploration wells show promising high potential,” said PTTEP, the exploration and production arm of Thai state oil and gas firm PTT.
“Together with its joint venture partners, PTTEP will be working on obtaining approval from the Mexican regulators and preparing appraisal as well as further development plans.”
The two wells, Polok-1 and Chinwol-1, are around 88 km from the Mexican coastline of Tabasco and have approximately 200 m and 150 m of net oil pay respectively, PTTEP said.
The JV partners also include the Mexican subsidiary of Malaysia’s Petronas and German oil and gas company Wintershall Dea.