During the 13th Ordinary Session of the Board of Commissioners on November 13, 2019, the National Hydrocarbons Commission authorized the drilling of exploratory well Chibu-1EXP in ultra deepwaters, by operator Shell Exploración y Extracción de México.¹

• This is the first exploratory well to be drilled in ultra deepwaters in the Saline Basin located in the Gulf of Mexico. Total programmed depth is estimated at 6,731 meters².
• The well is drilled as part of a deepwater contract in the Gulf of Mexico³ signed in May 2018 with contractor Shell Exploración y Extracción de México S.A. de C.V.
• In total, prospective resources are estimated at 219 million barrels of crude oil equivalent, across two geological objectives located in the Oligocene and the Upper Oxfordian Jurassic.
• The drilling timeline is estimated at 85 days, with activities starting on December 5, 2019, and finishing on February 28, 2020.
• Investment is estimated at US$93.3 million (MXN$1.810 billion pesos⁴), in terms of well drilling and finishing.
• For more information regarding wells, sorted by operator and location, visit the portals: https://sih.hidrocarburos.gob.mx/ and https://cnh.gob.mx/registro-publico/pozos/.