Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, said it has begun shipping oil from a project offshore Tabasco to the international market.

The company’s first cargo from the Miamte floating, production, storage and offloading (FPSO) platform in the Gulf of Mexico shipped last week. The company hailed it as an important milestone for the oil and gas sector in Mexico, making Eni the “first international energy company to develop a complex offshore project” in Mexican waters able to export to global markets.

The news comes amid oil prices that this year have regularly exceeded $100/bbl. On Tuesday, Halliburton Co. CEO Jeff Miller said oil and natural gas equipment was “almost sold out” amid increasing upstream activity and soaring prices.