Project Profile
Location: Southwest of the town of Reforma in Chiapas state
Value: Undisclosed
Discovery: 1977
Production start-up: 1980
Production: 190 bpd of light oil and 3.87 MMcf/d of natural gas (Q2 2017)
Area: 27.7 km2
The Mundo Nuevo block is located 42km southwest of the city of Villahermosa, Tabasco with an areal extent of 27.7 km2. The Mundo Nuevo field, a middle Cretaceous fractured carbonate reservoir, was discovered in 1977. This field was developed by PEMEX, Mexico’s state owned oil and gas company, through the drilling of 14 wells, reaching peak production of over 15,000 barrels per day (bpd) of natural gas liquids, in the early 1980s. This field’s average production for Q2 2017 was approximately 190 bpd of light oil and 3.87 MMcf/d of natural gas with an average reservoir depth of 3,580 metres. With the advantage of 3D seismic data, acquired since the original wells were drilled, Renaissance has identified numerous potential new development well locations.
Operator:
Renaissance Oil: 100% interest