Project Profile
Location: Salina del Istmo Basin, West side of state of Tabasco, Southeast Mexico
Value: Undisclosed
Reserves: 1P crude oil 39.6 mmb and gas 25.5 mmmcf, 2P crude oil 39.6 mmb and gas
25.5 mmmcf, 3P crude oil 39.6 mmb and gas 25.5 mmmcf
Production: 6,777 bdp of crude oil and 3.67 mmcfd of gas
Area: 129.93 Km2
The Santuario block contains three oil fields, Santuario, El Golpe and Caracolillo. The fields belong to the Pemex Exploration and Production (PEP) investment project Golpe-Puerto Ceiba and are managed by the Bellota-Jujo Asset of the Southern Region (RSUR) of PEP.
Geographically the block is located in the Salina del Istmo Basin, on the West side of the state of Tabasco in Southeast Mexico. It is positioned north of the morphotectonic depression, known as Istmo de Tehuantepec, and West of the city of Comalcalco, in the state of Veracruz. The type of Hydrocarbon is Black oil (29 - 36° API). There are 211 wells being drilled, while currently the operating are currently (in June 2012) around 32. The reserves as of January 1, 2010 are: 1P crude oil 39.6 mmb and gas 25.5 mmmcf, 2P crude oil 39.6 mmb and gas 25.5 mmmcf, 3P crude oil 39.6 mmb and gas 25.5 mmmcf. The current production is estimated to be 6,777 bdp of crude oil and 3.67 mmcfd of gas.
In the 1st Mexican International Bid Round 2011 for exploration and production of mature fields, Petrofac Facilities Management Lt won the Santuario block. In October 2011, Petrofac Facilities Management Lt signed the contracts for exploration and production (E&P Integrated Contracts). The company has committed to an investment of approximately US$250 million for a 90% interest in the contracts to develop the field, while a subsidiary of PEMEX will retain a 10% economic interest in the contracts
Operators:
Petrofac: 41% interest
Perenco: 49% interest
PEMEX: 10% economic interest
Contractors:
Valerus: Provide contract compression services