Italy’s Eni has started hydrocarbon production from the Miamte floating production, storage and offloading (FPSO) at the Miztón field, located in the Campeche Bay, offshore Mexico

The field is located within the Development Project in Area 1 in the Gulf of Mexico, approximately 10km offshore Tabasco. The Area 1 includes three fields, the Amoca, Miztón, and Tecoalli.

Eni expects the FPSO to help in increasing production in the country.

The unit has undergone pre-commissioning and integrated commissioning activities, following its arrival in Mexico in January this year.

Eni said: “The vessel has been built following the most stringent specification, and the most advanced techniques, for ensuring the safety of the operations for the people and the environment. The construction has involved five yards in three different countries, including Mexico, maximising the involvement of local suppliers.”

With an oil treatment capacity of 90,000 barrels of oil per day, and a gas treatment capacity of 75 million standard cubic feet per day of gas, the Miamte FPSO is delivered by Cosco Shipping Heavy Industry.

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By GlobalData

The Italian oil and gas company started the early production phase from the Miztón field in 2019.

In a press statement, the firm noted: “Following the first hydrocarbon introduction into the FPSO, and two more platforms start-up in the Amoca and Tecoalli fields, production will ramp up till the full field development will be completed by 2024.”

In Mexico, Eni owns stakes in eight exploration and production blocks, all located in the Sureste basin, in the Gulf of Mexico.

Eni recently reported an adjusted net profit of $5.4bn (€4.74bn) for 2021, benefiting from higher energy prices.

Its net profit was $6.92bn (€6.12bn) in 2021, compared to a loss of $9.76bn (€8.63bn) in the same period a year ago.