Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, said a floating production, storage and offloading (FPSO) vessel had arrived offshore Tabasco allowing for production to ramp up in the Area 1 development.

In mid-2019, Eni became the first private sector operator to record offshore oil production in Mexico at its Area 1 project. Area 1 includes the Amoca, Miztón and Tecoalli fields with a total of 2.1 billion boe of recoverable resources, of which 90% is oil.

Eni Mexico head Giorgio Guidi said the 90,000 b/d FPSO is “confirmation of our decision to play an active role in the development of Mexico’s energy sector.” The company has overcome difficulties “without precedent” such as Covid-19, and the coordination of shipyard workers across various...