Oil breakthrough for Mexico with Eni discovery

24 Mar 2017   Mexico

Italian energy company Eni said Thursday it confirmed the potential for oil offshore Mexico in the first drilling campaign by a foreign company since 2013. Eni said it confirmed the presence of oil in the Amoca-2 well, located in the shallow waters in the Campeche Bay near Mexico’s southern tip. CEO Claudio Descalzi said the discovery is a first for his company in Mexico and the first by a foreign company since national energy reforms were enacted in 2013. “This important discovery comes in a country where Eni has not yet operated and confirms our exploration capabilities,” he said in a statement . The company said the reserve potential from the Amoca-2 well was still being examined, but it estimated the prospects were […]

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