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December 7, 2021updated 27 Apr 2022 12:17pm

Ek-Balam Heavy Oil Field, Mexico

By Carmen

Ek-Balam is a producing heavy oil field located in shallow water in Mexico and is operated by Petroleos Mexicanos. The field is located in block A-0039-Balam and A-0120-Ek, with water depth of 157 feet.

An expansion project is associated with the Ek-Balam, namely Ek-Balam Development Phase 2. This project is currently in the commissioning stage, expected to start in 2022.

Field participation details

The field is owned by Petroleos Mexicanos.


Production from Ek-Balam

The Ek-Balam heavy oil field recovered 48.85% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 81.64 thousand bpd of crude oil and condensate and 11 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 411.73 Mmboe, comprised of 406.55 Mmbbl of crude oil & condensate and 31.09 bcf of natural gas reserves. Ek-Balam heavy oil field reserves accounts 0.94% of total remaining reserves of producing heavy oil fields globally.


About Petroleos Mexicanos

Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of oil and gas industry, from exploration and production to processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products. PEMEX owns and operates oil refineries, petrochemical and gas processing complexes, land and maritime terminals, oil and gas pipelines, maritime vessels, and fleet of road transportation. The company sells gasoline and diesel in the domestic market through gas service stations under the PEMEX brand. It also exports crude oil, natural gas, petroleum and petrochemical products to international markets. PEMEX is headquartered in Mexico City, Mexico.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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