Project Profile
Value: US$1,750,000
Location: Chicontepec basin, Mexico, USA
Area: 3,800 km2
Production: 175,000 bbls of light oil
Discovery: 1962
Production start-up: 2005
The Amatitlán block is located within the Tertiary aged Chicontepec paleochannel formation in East Central Mexico. The onshore Amatlitán block covers an area of 230km2 and contains the country\'s largest hydrocarbon resource with certified original oil in place estimated at 59 billion barrels of oil equivalent. The block contains 34-44º API crude and has three operating wells in five fields: Amatitlán, Ahuatepec, Cacahuatengo, Coyol and Sitio. It also hosts the exploratory wells Amatitlán-1, 2, 3, Postectitla-1 and Vinazco-1. The Amatitlán block is part of the project Activo Integral Aceite Terciario del Golfo (ATG), established to develop the Chicontepec Paleochannel. Discovered in 1962 and still largely undeveloped, the main field Amatitlán has produced over 175,000 bbls of light oil ranging from 34° to 44° API with peak production of 650 bbl/d in 2005. As a result of the lack of recent drilling and development activities on the Amatitlán Block, production has currently declined to negligible volumes. The Comisión Nacional de Hidrocarburos evaluation of resources effective January 1, 2016 estimates Amatitlán contains, in the Chicontepec formation only, 4.2 billion bbls of crude oil and 3.33 trillion cubic feet of natural gas originally in place. Previous exploration wells on the Amatitlán block have shown the presence of oil and natural gas at various depths of drilling throughout the block. The Integrated Exploration and Production Contract for Amatitlán allows for the development of the full stratigraphic column, however, to date oil has been produced only from the Chicontepec formation.
Operators:
Renaissance Oil
Lukoil