Capricorn Energy PLC Drilling/Production Report (3632T)
March 17 2023 - 5:20AM
UK Regulatory
TIDMCNE
RNS Number : 3632T
Capricorn Energy PLC
17 March 2023
FOR IMMEDIATE RELEASE 17 March 2023
CAPRICORN ENERGY PLC ("Capricorn" or "the Company")
Mexico Drilling Update
The enclosed announcement has been reported by Eni regarding the
Yatzil exploration prospect in Block 7, located in the mid-deep
water of the Cuenca Salina in the Sureste Basin, Offshore Mexico in
which Capricorn (through wholly owned subsidiary Capricorn Energy
Mexico) has a 30% working interest.
Enquiries to :
Analysts / Investors
David Nisbet, Corporate Affairs Tel: 0131 475
3000
Media
Jonathan Milne/Linda Bain, Corporate Affairs Tel: 0131 475
3000
For further information on Capricorn please see:
www.capricornenergy.com
Eni announces a new discovery offshore Mexico
San Donato Milanese (Milan), 17 March 2023 - Eni announces a new
discovery on the Yatzil exploration prospect in Block 7, located in
the mid-deep water of the Cuenca Salina in the Sureste Basin,
offshore Mexico. According to preliminary estimates, the new
finding may contain around 200 million barrels of oil (MBoe) in
place.
Yatzil-1 EXP is the second commitment well of Block 7 and the
eight successful one drilled by Eni in the Sureste Basin. It is
located approximately 65 kilometers off the coast, and 25-30 km
away from other discoveries. The well was drilled by the Valaris
DPS5 Semisub rig in a water depth of 284 meters and reached a total
depth of 2,441 meters. Yatzil-1 EXP found in excess of 40 meters of
net pay sands with good quality oil in the Upper Miocene sequences
with excellent petrophysical properties confirmed by an extensive
subsurface data collection.
The successful result comes after the Saasken and Sayulita
discoveries in Block 10 and confirms the value of Eni's Mexican
asset portfolio, contributing to the potential synergic cluster
development of several prospects located nearby.
The Block 7 Joint Venture is composed by Eni, which is the
operator with a 45% stake, Capricorn (30%) and Citla Energy
(25%).
Mexico, a core country in Eni organic growth, is currently
producing more than 30,000 barrels of oil equivalent per day (boed)
from Area 1 phased development project, which is expected to be
completed by 2025.
Eni has been present in Mexico since 2006 and established its
wholly owned subsidiary Eni Mexico S. de R. L. de C.V. in 2015.
Currently Eni holds rights in eight exploration and production
blocks (six as the Operator), all located in the Sureste Basin in
the Gulf of Mexico.
Eni company contacts:
Press Office: Tel . +39 0252031875 - +39 0659822030
Freephone number for shareholders (from Italy): 800 940 924
Freephone number for shareholders (from abroad): + 800 1122
3456
Switchboard: +39 0659 821
ufficio.stampa@eni.com
segreteriasocietaria.azionisti@eni.com
investor.relations@eni.com
Website: www.eni.com
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