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November 30, 2021

Santuario Conventional Oil Field, Mexico

By Carmen

Santuario is a producing conventional oil field located onshore Mexico and is operated by Perenco Mexico. The field is located in block A-0396-Santuario.

An expansion project is associated with the Santuario, namely Santuario Development. This project is currently in the approval stage.

Field participation details

The field is owned by Petroleos Mexicanos and Perenco Holdings.

Production from Santuario

The Santuario conventional oil field recovered 43.26% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 21.12 thousand bpd of crude oil and condensate and 9 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 115.19 Mmboe, comprised of 112.04 Mmbbl of crude oil & condensate and 18.95 bcf of natural gas reserves. Santuario conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.

About Perenco Mexico

Perenco Mexico SA de CV (Perenco) is an independent exploration and production company. The company is headquartered in Villahermosa, Mexico.

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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.

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