Ixtal is a producing conventional oil field located in shallow water in Mexico and is operated by Petroleos Mexicanos. The field is located in block A-0160-Ixtal, with water depth of 230 feet.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from Ixtal
The Ixtal conventional oil field recovered 82.66% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 117.52 thousand bpd of crude oil and condensate and 236 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 94.83 Mmboe, comprised of 89.75 Mmbbl of crude oil & condensate and 30.52 bcf of natural gas reserves. Ixtal conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional 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.
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.