Wintershall Dea has wrapped up the acquisition of 37% non-operated stake in the oil producing Hokchi Block offshore Mexico.
Currently, the Hokchi Block has a production capacity of about 27,000 barrels of oil equivalent per day gross after starting production in May 2020.
Located in Mexico’s Sureste Basin, the Hokchi Block was awarded in Mexico’s licensing round 1.2.
Wintershall Dea now owns a 37% stake in the Hokchi shallow-water block while Hokchi Energy, a subsidiary of Pan American Energy, holds operatorship stake of 59.4%. AINDA holds the remaining 3.6% interest.
Wintershall Dea Latin America management board member Thilo Wieland said: “The acquisition and the significant production we are adding with it are exactly in line with our strategy to further expand our international portfolio.
“We are thus strengthening our position in Mexico, one of Wintershall Dea’s most important growth countries.”
The deal, which was announced in October 2022, forms part of Wintershall’s wider portfolio diversification plan in Latin America.
The Hokchi block is developed as a subsea tie back of the producing wells to two offshore platforms, Hokchi Central and Hokchi Satellite.
Hydrocarbons production from the two offshore platforms are transferred to an onshore processing facility where oil and gas are separated and treated for further sale to Pemex, a Mexican state company.
Wintershall Dea Mexico managing director Martin Jungbluth said: “The interest in the producing Hokchi field is an excellent complement to our strong, balanced portfolio in Mexico, which includes prospective exploration assets, key development projects such as Zama and Polok, and our operated Ogarrio field.”
