Eni has drilled the Miztón-2 well in the shallow waters of Campeche bay, offshore Mexico, improving the initial estimates of Contractual Area 1 to more than 1.4 billion barrels of oil equivalent (boe).
The Miztón-2 well is 200km west of Ciudad del Carmen, at water depths of 33m and 10km from the Amoca discovery.
After drilling to a final depth of 3,430m, the well encountered 185m of net oil pay in the Orca Formation with high-quality sandstone reservoirs.
Preliminary analysis of the well data suggests the presence of a single 280m thick oil column, while oil gravity is estimated at 28API-30API.
Along with the drilling programme, Eni carried out an extensive borehole data acquisition, as well as a fluid and rock sampling campaign.
The company said it will continue its exploration campaign with the drilling of a well on the Tecoalli discovery.
Currently, Eni is devising the development plan for phase 1 of the Amoca field, also located in the shallow waters of Campeche bay, and the plan will then be submitted to the local authority Comisión Nacional de Hidrocarburos.
The company aims to begin production from this field in early 2019.
Eni has also signed three new exploration and production licenses for Blocks 7, 10 and 14, all located in the Sureste Basin, offshore Mexico.
Eni Mexico operates all the three blocks with 45% interest in Block 7, with 100% interest in Block 10, and 60% in Block 14.