Eni SPA and its Block 10 joint venture partners will appraise a recent discovery that has opened a potential commercial outcome of the block and other nearby prospects. Oil was discovered in the Saasken exploration prospect in the mid-deep water of the Cuenca Salina in the Sureste basin, offshore Mexico. Preliminary estimates indicate the discovery may contain 200-300 million barrels of oil in place.
The discovery was led by the Saasken-1 NFW well, the sixth consecutive successful well drilled by Eni offshore Mexico in the basin. Drilled by the Valaris 8505 semisubmersible 65 km off the coast in 340 m of water to 3,830 m TD, the well discovered 80 m of net pay in the Lower Pliocene and Upper Miocene sequences. Indications for the production capacity for the well is in excess of 10,000 b/d.
Eni is currently producing 15,000 boe/d from Area 1 and expects to reach a plateau of 100,000 boe/d in the first half of 2021. Eni is also planning exploration in other licenses held in Mexico.
ENI operates Block 10 with a 65% interest. Lukoil has 20% and Capricorn has 15%.
