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December 7, 2021

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.

Two expansion projects are associated with the Ek-Balam heavy oil field, namely Ek-Balam Development and Ek-Balam Development Phase 2. The expansion projects are currently in the commissioning and approval stage.

Field participation details

The field is owned by Petroleos Mexicanos.


Production from Ek-Balam

The Ek-Balam heavy oil field recovered 46.78% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 78.78 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 2059. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 416.23 Mmboe, comprised of 410.24 Mmbbl of crude oil & condensate and 35.94 bcf of natural gas reserves. Ek-Balam heavy oil field reserves accounts 0.92% 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.

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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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