Pemex’s plans to drill 2 new deepwater oil wells was approved by Mexico’s oil regulator on Tuesday. The wells will be near the maritime border with the USA in the Gulf of Mexico.
Both wells are going to exist within the Mexican extension of the Perdido Ford Belt and are anticipated to produce light or super light crude oil.
The first well, named Vasto-1001 will cost a predicted $190 million and will be drilled at a depth of 23,717 feet. It is expected to produce approximately 203 million barrels of light crude.
The second well, Nobilis-1, will cost about $152 million and will be drilled to 19,619 feet. It is predicted to contain about 161 million of super light crude.
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