A consortium led by Germany’s Wintershall Dea has made a “significant oil discovery” at the Block 30 exploration license in shallow waters off Mexico’s southeastern coast, the company said. 

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Preliminary estimates indicate the Kan exploration prospect may contain 200-300 million boe of oil and gas in place, the company said. 

Wintershall Dea holds a 40% operating interest in Block 30, with working interests of 30% each held by UK-based Harbour Energy plc and Malaysia-based Sapura OMV.

“This important discovery at Wintershall Dea’s first own-operated exploration well offshore Mexico is a great success,” said Wintershall Dea’s Hugo Dijkgraaf, chief technology officer. “It was one of the most contested blocks of Mexico’s bid round 3.1 back in 2018. The...