Tizon is a producing conventional gas field located onshore 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 A-0340-Tizon. Buy the profile here.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from Tizon
The Tizon conventional gas field recovered 79.03% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 28.53 thousand bpd of crude oil and condensate and 159.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 59.81 Mmboe, comprised of 42.81 Mmbbl of crude oil & condensate and 101.97 bcf of natural gas reserves. Tizon conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
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 Tizon Conventional Gas Field, buy the profile here.