Italy’s Eni SpA has announced another deepwater find in the Sureste Basin in southeastern Mexico’s Gulf of Mexico (GOM), with preliminary estimates indicating 150-200 million boe in place.

Mexico production

The estimated resources “reflect that there’s still untapped potential to be brought to market,” Amexhi head Merlin Cochran told NGI’s Mexico GPI. Amexhi is a Mexico private sector hydrocarbons organization. 

“More importantly, they reflect that both companies and regulators are doing their share of the contract during the pandemic. This is easier said than done with new Covid variants appearing.”

According to Amexhi data, 2020 was the most fruitful year for members in terms of oil and gas finds. Six contracts yielded discoveries worth 505 million boe. 

Mexico had a...