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/.
1 CNH (2019). 13th Ordinary Session of the Board of Commissioners, available at: https://cnh.gob.mx/registro-publico/sesiones
2 Meters developed under rotary table.
3 Contract CNH-R02-L04-AP-CS-G01/2018.
4 An exchange rate of MXN$19.41 pesos to the dollar is used, published by the Bank of Mexico on November 20, 2019.