Eni SPA has received approval to develop its shallow-water Amoca, Mizton, and Tecoalli oil discoveries in Area 1 of Mexico’s Campeche Bay (OGJ Online, Sept. 26, 2017).
The National Hydrocarbon Commission approved its plan for phased development, with early production starting in first-half 2019 through a wellhead platform in Mizton field.
The plan, subject to a final investment decision expected in the fourth quarter, calls for production to move ashore through a 10-in. multiphase pipeline for treatment at an existing Pemex facility. The early-production plateau rate will be 8,000 b/d of oil.
Full-field production will start in late 2020 through a floating production, storage, and offloading facility with treatment capacity of 90,000 b/d, the projected plateau production rate. Eni will install two platforms in Amoca field and one in Tecoalli field.
Eni estimates total development capital expenditure at $1.9 billion. It has authorized initial investments to fund long-lead items and start construction of the first platform.
It holds a 100% interest in the Area 1 production-sharing contract. It estimates hydrocarbons in place at 2.1 billion boe, 90% oil.
