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November 25, 2021updated 26 Nov 2021 5:23am

Iride Heavy Oil Field, Mexico

By Carmen

Iride is a producing heavy oil field located onshore Mexico and is operated by Petroleos Mexicanos. The field is located in block A-0159-Iride.

Field participation details

The field is owned by Petroleos Mexicanos.


Production from Iride

The Iride heavy oil field recovered 95.71% of its total recoverable reserves, with peak production in 1981. The peak production was approximately 60.14 thousand bpd of crude oil and condensate and 83 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055.


Remaining recoverable reserves

The field is expected to recover 30.94 Mmboe, comprised of 22.06 Mmbbl of crude oil & condensate and 53.27 bcf of natural gas reserves. Iride heavy oil field reserves accounts 0.07% 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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