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  1. Market Data
May 9, 2022

Tupilco Conventional Oil Field, Mexico

By Carmen

Tupilco is a producing conventional oil field located onshore Mexico and is operated by Petroleos Mexicanos. The field is located in block A-0356-Tupilco.

An expansion project is associated with the Tupilco, namely Tupilco Development. This project is currently in the approval stage, expected to start in 2024.

Field participation details

The field is owned by Petroleos Mexicanos.


Production from Tupilco

The Tupilco conventional oil field recovered 69.12% of its total recoverable reserves, with peak production in 1972. The peak production was approximately 12.4 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055.


Remaining recoverable reserves

The field is expected to recover 38.27 Mmboe, comprised of 38.13 Mmbbl of crude oil & condensate and 0.85 bcf of natural gas reserves. Tupilco 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.

Methodology

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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