Mexico’s National Hydrocarbon Commission (Comisión Nacional de Hidrocarburos, CNH) approved the Development Plan (PoD) for Eni’s discoveries of Amoca, Miztón and Tecoalli, located in Area 1, in the shallow waters of the Campeche Bay.
Area 1 holds about 2.1 billion of oil equivalent in place (90% oil) in world-class reservoirs. The development will be phased, initially with an early production phase with startup planned in the first quarter of 2019, through a Well Head Platform located on the Miztón field. Early production plateau will be 8,000 barrels of oil per day.
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Full field production will start in late 2020 using a Floating Production, Storage and Offloading facility (FPSO) with a treatment capacity of 90,000 bopd. Two additional platforms will be established on the Amoca field and one on the Tecoalli field. Area 1 production plateau will be 90,000 bopd from 2021. Total development capex are estimated at 1.9 billion dollars.
Eni expects to take the Final Investment Decision (FID) in the fourth quarter of 2018, although some investments to fund long lead items and to start the construction of the first platform for the early production have already been accepted.
Eni plans to drill two exploration wells in 2019 in the new blocks recently awarded.
