• 2017 July 14 10:51

    A new offshore well in Mexico boosts Eni’s resources in the Amoca Field triggering a fast track development

    Thanks to the results of the new well, Eni raises its estimate of resources in place at Amoca to 1 billion boe, paving the way for the implementation of an accelerated development plan. Eni has successfully drilled and tested the Amoca-3 well in the shallow waters of Campeche Bay, in offshore Mexico. It has proven the presence of multiple significant oil levels in the Orca and Cinco Presidentes Formations, Eni said in a press release.

    Eni has successfully drilled and tested the Amoca-3 well in the shallow waters of Campeche Bay, in offshore Mexico. It has proven the presence of multiple significant oil levels in the Orca and Cinco Presidentes Formations. Amoca-3 is located in Contractual Area 1, 200 km west of Ciudad Del Carmen, in the Campeche Bay, at 25 meters of depth, 1,5 km south west of Amoca-1 and 3 km north west of Amoca-2.
     
    The well was drilled at a total depth of 4,330 meters and encountered 410 meters of net oil pay (25 - 27 API°), in several high-quality Pliocene reservoir sandstones, of which 300 meters were found in the deeper sequence of Cinco Presidentes, in various cluster levels of Pliocenic age with good reservoir characteristics.
     
    The Amoca-3 well has been temporarily suspended but will be used for production at a later stage. The Area 1 drilling campaign will continue with the first appraisal of the Miztón discovery, followed by other wells that will appraise existing discoveries and explore new undrilled pools.
     
    With the results of the Amoca-3 well, Eni boosts the resource estimate of the Amoca field to 1 billion barrels of oil equivalent in place and the Area 1 total estimated resource base to 1,3 billion barrels of oil in place, of which 90% is oil, with further upside.
     
    During the production test, 45 meters of the Cinco Presidentes reservoir have been opened to production and the well flowed 6,000 barrels/day of 25 API° crude.
     
    Following these results, Eni will submit an accelerated and phased development plan in 2017 targeting an early production phase with a plateau ranging from 30,000 to 50,000 BOPD with the start of operations planned for early 2019.   
     
    Claudio Descalzi, Eni CEO, commented: «We are very pleased with the results of our exploration and appraisal campaign in Mexico which demonstrates the validity of our design to cost exploration approach. The Amoca field, which is located at a water depth of only 25 meters, represents an optimal opportunity for a phased development approach with a low breakeven. It is an ideal project in this low oil price environment. Eni’s objective is to become the first international company to establish operating production in Mexico, which would be the first tangible success of the country’s important “Reforma energetica” campaign».
     
    Eni holds a 100% stake in the Area 1 Production Sharing Agreement. Following the result of the first international bid of Ronda 2, Eni was awarded three new blocks in the shallow waters of the Sureste Basin (Block 7, 10 and 14), all as the Operator. Eni has been present in Mexico since 2006 and has established its wholly owned subsidiary Eni Mexico S. de RL de CV in 2015.

    Italy based Eni Group is an energy company operating in 73 countries worldwide with its workforce of 33000 people. The Group specializes in oil and gas exploration, production, refining and selling operations.




2018 February 21

13:18 ATOMFLOT says Russia needs nine more icebreakers for the Northern Sea Route by 2025
13:01 Clarksons Platou collaborates with Maersk Line to provide shipping services in Egypt
12:43 Big Port of St. Petersburg imposes ice restrictions in the harbour effective as of March 7, 2018
12:31 Castellammare Di Stabia starts slipway works on the multipurpose amphibious unit
12:10 Rosterminalugol transferred over RUB 1.5bn of taxes to different budgets
12:01 Panama Canal hosts Cheniere Energy to discuss LNG’s Future at the waterway
11:25 MOL car carrier rescues castaways in the North Atlantic Ocean
10:53 Crude oil futures prices edge down 0.8% to $64,73 in London and 1% to $61,17 in New York
10:46 Sovcomflot and Shell ink time-charter agreements for Aframax LNG-powered duo
10:35 Vostochny Port obtains ISO 14001:2015 certificate
09:48 Port of St. Petersburg bunker prices move upward
09:26 Baltic Dry Index rises 2.76% to 1117 points

2018 February 20

18:37 Time is running out to register for the Dangerous Goods: New Requirements for Transportation Conference, March 1, 2018
18:31 Russian association of fishery businesses call to revise a 'fishing quotas per a keel' terms
18:06 AVANZA completes a successful trial with Daikin Reefer
17:38 The Maritime CIO Forume Cyprus 2018 to be held in Limassol, March 27
17:03 DNV GL issues over 50,000 electronic certificates
16:55 RIMS secured a further class approval from Korean Register of Shipping for the use of drones during surveys
16:39 Taganrog Commercial Sea Port spent $156 000 on environment protection in 2017
16:34 Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services to increase uptime and reduce costs
16:04 Post-Brexit port health border disruption still a major concern for British ports
15:34 Goltens teams up with Yara Marine on SOx scrubbers
15:21 Taganrog Sea Commercial Port earmarked $74,4 to support social programmes in 2017
15:04 US Navy awards concept design contract to Fincantieri to evolve FREMM into FFG(X)
14:32 Port of Marseille Fos traffic up 8% in 2017
14:02 The largest vessel enters Busan Port since its opening
13:32 Carnival Fascination resumes year-round service from San Juan
13:20 Port of Kavkaz sees a 50% spike in freight volumes, to 1.98 million tonnes
13:09 Rosterminalugol coal exports reach 150-millionth tonne milestone
13:02 Partners start financing waste-to-chemistry project in Rotterdam
12:35 First foundation for the offshore wind farm Kriegers Flak installed in Denmark
12:18 Bunker fuel prices in the Far East ports remain firm
12:07 United Shipbuilding Corp: the floating co-generation plant Akademik Lomonosov is 96% complete
11:32 Rotterdam port diminishes the sale of bunker oil to 9.9 million m3 in 2017
11:27 APM Terminals Itajaí to double monthly volume
10:44 Crude oil futures price slides 0.29% to $65,48 in London, in New York gains 1.17% to $62,27
10:36 Sevastopol to host 6th Business Forum SIMBF 2018, June 6-7
09:49 Russian M100 product spot price gains last week to RUB 5,594/mt
09:30 Baltic Dry Index gains to 1087 points

2018 February 19

18:52 Russia’s Glavgosexpertiza gives nod to new phases of ZVEZDA Shipyard construction
18:05 Maersk Line increases FAK rates from Europe to West Coast South America, Caribbean and Middle America
17:05 Hapag-Lloyd introduces Asia – Middle East – New Asia Red Sea Service (AR1)
16:05 Maersk Line increases Reefer FAK rates from North Europe to Far East Asia
15:49 Iskes Towage & Salvage adds two more Damen ASD Tugs 2810 to its fleet
15:25 Maersk Line increases DRY rates from Russia to Far East Asia
15:02 The Russian Register of Seaports updates Port of Tuapse details
14:53 Nevsky Shipyard prepares the Akademik Pashin to test underway replenishment capabilities
14:26 Xeneta increases its data coverage by 161% in 2017
13:49 Rosmorport’s icebreakers assist shipping in the Gulf of Finland, escorted 17 vessels
13:12 GasLog reports financial results for 2017
12:01 GoodBulk announces delivery of Capesize vessel
11:46 Port of Mariupol freight volumes soar 32.3% to 455,860 tonnes
11:08 APL expands Eagle GO. Guaranteed service to 29 Asian port origins
10:48 NOVATEK inks cooperation MoU with Saudi Aramco
10:34 Crude oil futures price grows by 0.85% to $65,39 in London, in New York - by 1.25% to $62,45
09:08 Baltic Dry Index edges down 0.46% to 1084 points

2018 February 18

09:24 Hapag-Lloyd increases rates from Finland, Russia, Baltic States, Sweden, UK to East Asia (incl. Japan)
09:21 Preparing to define the Baltic Sea’s significant marine areas
09:19 Prime Minister Shri Narendra Modi inaugurates the Fourth Container Terminal of JNPT in Mumbai
09:14 Holland America Line to launch New EXC In-Depth Voyages