Up to date, only 17 of 139 committed wells have been completed: 16 appraisal or production wells (rounds 1.2 and 1.3) and one exploratory (Talos’ Zamma-1), which discovered a 1,800 MMboe shared reservoir with PEMEX.
The remaining 122 committed wells are distributed among 38 contracts where 34 have an approved plan (exploration, appraisal or development). Out of these, 28 have not started drilling any single well, despite having an approved plan for more than 2 years.
In our experience, this is often due to a poor regulatory compliance, lacking a comprehensive approach of the technical and environmental requirements. As a general suggestion, we recommend considering the following essential elements in the preparation of requests for drilling authorization:
Additionally, it is necessary to consider updating other obligations like ASEA’s MIA, SASISOPA, Environmental Risk Assessment, permits for waste manage- ment, among others.
As a result of the first (9) Mexican bidding rounds, the awarded compa- nies committed to perform, at a minimum, a broad variety of activi- ties where drilling wells represents the main investment.
* With CNH data, Oct 2018.