In October 2017, DEA acquired a 50 percent licence share and operatorship of the onshore oil field Ogarrio in the Tabasco State of Mexico, including the related infrastructure, e.g. pipelines and facilities. In June 2017, DEA was awarded offshore Block 2 in consortium with the Mexican E&P company Pemex as part of the bid round 2.1.
For DEA, these achievements mark meaningful steps in the planned building of a portfolio in this country where the oil and gas sector plays a major role for the domestic economy. Mexico is the 10th largest oil producer in the world and has one of the largest proven reserve bases globally.
DEA is operator of the Ogarrio oil field. The 50 percent licence share that DEA acquired, was offered in a farm-out auction of the National Hydrocarbons Commission (CNH). Pemex is the licence partner, holding the remaining 50 percent.
Ogarrio offers DEA high potential, to leverage the company’s key competences and technical capabilities. The field provides access to production and additional development potential in one project.
With the right concepts in place, DEA plans to improve the recovery of the field in an economic and sustainable way. The onshore field Ogarrio is located 107 kilometres west of Villahermosa in the state of Tabasco, in the southeast of Mexico. The mature field was discovered in 1957 and since then, 527 wells have been drilled. More than 100 wells are active and produce about 10,000 barrels of oil equivalent per day (status March 2018).
Shallow water Block 2
DEA holds a 30% share of Block 2, with Pemex holding the remaining 70% as operator. Block 2 comprises 549 sq. km and is located in the Tampico-Misantla basin in the South-Western Gulf of Mexico. The water depth ranges from 40 to 260 m. The initial four-year exploration phase includes drilling of one commitment well.