Octli is a producing conventional oil field located in shallow water in Mexico and is operated by Petroleos Mexicanos. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block AE-0009-Tucoo-Xaxamani-01, with water depth of 121 feet. Buy the profile here.
An expansion project is associated with the Octli, namely the 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 41.57% 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 18.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 20.40 Mmboe, comprised of 19.78 Mmbbl of crude oil & condensate and 3.70 bcf of natural gas reserves.
About Petroleos Mexicanos
Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of the 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 a 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.
For more details on the Octli 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.
