Italian energy major ENI said on June 20 that it has been granted 3
of 10 offshore blocks awarded by Mexico’s National Hydrocarbon
Commission (CNH) in the Sureste Basin, in the Gulf of Mexico.
According to ENI, this result boosts the Italian company’s presence
in a market that only opened up to foreign investments in 2014, in line
with the country’s Energy Reform, and which has huge growth potential.
The award is the outcome of the first bids called under Ronda 2, in
which CNH offered blocks located in water depth ranging from 20 to 500
metres in the Sureste and Tampico-Misantla Basins.
ENI will be Operator of Block 10 (ENI 100%), Block 7 (ENI 45%, Cairn
30%, Citla 25%) and Block 14 (ENI 60%, Citla 40%), with all of the
licenses to be managed through ENI Mexico. The contract awards, which
will be production-sharing agreements, are subject to final approval by
the authorities.
ENI already holds a 100% stake in Area 1 in the Sureste Basin, where
“the exploration and appraisal campaign is successfully ongoing and a
fast-track plan for the development of the Amoca field is being
finalised, with plans for an early production phase”.
The new blocks are joined to Area 1 and, in the case of a successful
exploration campaign, will allow ENI to build up a new core area of
considerable size with significant operational synergies in the Country.
ENI has been present in Mexico since 2006, and it established its wholly-owned subsidiary ENI Mexico in 2015.
https://www.neweurope.eu/article/mexico-grants-eni-3-new-exploration-production-blocks/