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Page added on January 30, 2014

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Mexico’s Pemex makes new light crude oil find in deep water Gulf field

Geology

Mexico’s state-run oil company Pemex has found light crude at its deep water Exploratus-1 well in the Perdido Fold Belt in the Gulf of Mexico, a senior company official said in an interview on Wednesday.

Exploratus-1 struck light crude at a depth of approximately 3,600 meters (11,811 feet) below the sea floor, said Carlos Morales, Pemex’s exploration and production chief.

Morales said the company does not yet have an estimate of the total amount of crude associated with the find.

Reuters



3 Comments on "Mexico’s Pemex makes new light crude oil find in deep water Gulf field"

  1. Northwest Resident on Thu, 30th Jan 2014 5:40 am 

    5280 feet per mile. So, that 11811 feet is a little more than two miles underwater. While it is amazing that technology has progressed to the point that we can get oil from such great depths, it also kind of makes the point that we are getting very close to the end of “reasonably cost effective and practical to get” oil.

  2. rockman on Thu, 30th Jan 2014 12:35 pm 

    NW – A valid point but they aren’t in 11,811′ of water. Still pretty deep though…around 8,200’ of water. Deepest GOM project I could find: From last May – Royal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the Gulf of Mexico.

    “Mexico’s state-run oil company Pemex has found light crude at an ultra-deep water well in the Perdido Fold Belt in the Gulf of Mexico, near the maritime border with the United States, a senior company official said in an interview on Wednesday. The new discovery at the Exploratus-1 well marks the latest success for Pemex in waters more than 8,200 feet (2,500 meters) deep, even as the company is still in the early stages of developing its deep water potential.

    While hundreds of deep water wells have been successfully drilled on the U.S. side of the Perdido Fold Belt, Exploratus-1 is only fifth such test well on the Mexican side where commercial production has yet to start. Exploratus-1 struck light crude at a depth of approximately 3,600 meters (11,811 feet) below the sea floor, said Carlos Morales, Pemex’s exploration and production chief.

  3. Northwest Resident on Thu, 30th Jan 2014 4:36 pm 

    rockman — Good catch! But still, a little over two miles “below the sea floor” is still kick-ass amazing in my book. That takes a lot of technology and a LOT of investment. The things we put ourselves through to get more oil…

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