Mexico's Comisión Nacional de Hidrocarburos (CNH) authorized permits for Electromagnetic Geoservices (EMGS) to acquire about 88,000sq km of 3D electromagnetic (EM) multi-client data over a five-year period off Southern Mexico.
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SENER’s five-year plan map. |
The survey will be conducted in the Salina de Itsmo basin, in which EMGS will prioritize acquiring EM data for Mexico’s future bid rounds as outlined in SENER’s (Secretaría de Energía) Plan Quinquenal de Licitaciones para la Exploración y Extracción de Hidrocarburos 2015-2019, released earlier this month.
Located in Southern Mexico, the Salinas exploration area encompasses major structures with potential for world-class reservoirs and oil accumulations. Lower Miocene turbidite systems are considered to be the most attractive reservoir opportunities, containing significant channel facies, with additional indications for basin floor fans. On trend to these structures EMGS has conducted extensive surveys and developed the expertise to identify and interpret EM indicators (resistors) that tie to seismic stratigraphic interpretations, and thus, providing oil companies with additional geophysical information for calibration of the play and trend, EMGS said.
"We are pleased and encouraged by the recently announced five-year plan for future licensing rounds offshore Mexico. It pairs well with our plans in Mexico and the received CNH permits and enables us to now actively seek funding of our projects," said Juan M. Santana, president EMGS North and South America.
Mexico’s highly anticipated Round One, which did not live up to its hype, was held yesterday (15 July).
The next round, Round Two, is scheduled for 30 September that consists of five contracts in five shallow water fields with 2P reserves, and comes with lower risks than Round One.
Although Round Three’s design is still in the process of being assessed, it is scheduled for 15 December.
Round Four and Five do not have dates set. However, Round Four will include areas in the deepwater Gulf of Mexico, with heavy crude areas, and Round Five will consist of nonconventional areas, which are still being analyzed due to today’s low oil prices.
In June, EMGS announced its return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D EM acquisition that was part of a 2013 contract between the two companies. The original US$99.8 million contract had been awarded in July 2013.
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