Pemex announces the discovery of a giant oil field in southeastern Mexico

The state-owned company Petróleos Mexicanos (Pemex) reported the discovery of a giant deposit of 500 million barrels of crude oil equivalent in total reserves in the southeastern state of Tabasco.

Pemex explained this Saturday in a statement that the general director of Pemex, Octavio Romero Oropeza, reported the discovery to President Andrés Manuel López Obrador during a tour on Friday through the Quesqui field, located in the municipality of Huimanguillo, Tabasco

According to the text, 3P reserves (proven, probable and possible) were calculated using the information provided by said well and the seismic data of the area.

The head of Pemex said that since 1987, with the discovery of the Sen field in Nacajuca, Tabasco, with 536 million barrels of crude oil equivalent, there had been no discovery as important as that of the Quesqui field.

He said that this 34 square kilometer field will be developed to reach a production, with 11 wells, of 69,000 barrels per day of oil and 300 million cubic feet of gas in the next year, to reach a production of 110,000 barrels per day in 2021 and 410 million cubic feet of oil and gas respectively.

It is expected that the Quesqui field will boost the increase in national oil production and reach 2.4 million barrels per day in 2024, at the end of the Government of President López Obrador.

Romero Oropeza declared that in this first year of López Obrador’s presidential administration, three other new fields are being developed in Tabasco: Cibix, in Jalpa de Méndez; Valeriana, in the municipality of El Centro, and Chocol, in the municipality of Comalcalco.

The official said that in the new strategy of the Pemex Business Plan the focus of exploration will focus on the development of commercial deposits of shallow waters and land basins.

With this next year, 21 exploratory wells will be drilled in Tabasco, and by 2021, 24 more wells, waiting for an important incorporation of reserves.