Octli is a producing conventional oil field located in shallow water in Mexico and is operated by Petroleos Mexicanos. The field is located in block AE-0009-Tucoo-Xaxamani-01, with water depth of 121 feet.
An expansion project is associated with the Octli, namely Octli Development. This project is currently in the approval stage.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from Octli
The Octli conventional oil field recovered 28.16% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 19.93 thousand bpd of crude oil and condensate and 6 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 23.22 Mmboe, comprised of 20.81 Mmbbl of crude oil & condensate and 14.42 bcf of natural gas reserves. Octli conventional oil field reserves accounts 0.01% 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.