Eni announced a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico late on Monday.
According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place.
"The discovery is opening a potential commercial outcome of Block 10 since several other prospects located nearby may be clustered in a synergic development," Eni reported.
The Block 10 Joint Venture, composed of Eni (operator with a 65% stake), Lukoil (20%) and Capricorn (15%), will work to appraise the discovery and to exploit nearby synergies in order to start the studies for a commercial development.
Mexico is a core country in Eni’s strategy of future organic growth.
Eni has been present in Mexico since 2006. Currently, Eni holds rights in eight exploration and production blocks, and six as the operator, all located in the Sureste Basin in the Gulf of Mexico.
By Murat Temizer