Hokchi is a producing conventional oil field located in shallow water in Mexico and is operated by Hokchi Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block R01-L02-A2, with water depth of 75 feet. Buy the profile here.
An expansion project is associated with the Hokchi, namely the Hokchi Phase 2. This project is currently in the approval stage.
Field participation details
The field is owned by AEI Hidrocarburos, BASF, BP, Bridas Energy Holdings, China National Offshore Oil and LetterOne Holdings.
Production from Hokchi
The Hokchi conventional oil field recovered 9.91% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 35.24 thousand bpd of crude oil and condensate and 11.00 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 126.36 Mmboe, comprised of 120.34 Mmbbl of crude oil & condensate and 36.10 bcf of natural gas reserves. Hokchi conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
For more details on the Hokchi Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
