Italian oil and gas multinational Eni has been cleared by Mexican authorities to develop some oil fields offshore Mexico in the Bay of Campeche, it was announced on Tuesday.

The fields to be explored and developed are the Amoca, Miztón and Tecoalli fields, which are all relatively shallow at between 20 and 40 metres deep and all close to shore.

Eni, which is partly owned by the Italian government, has entered into a Production Sharing Contract (PSC) with Comisión Nacional de Hidrocarburos of Mexico (CNH), which is a technical, independent body that supports the Ministry of Energy in implementing Mexico’s hydrocarbon policy.

 

CNH estimates that the three fields contain about 800 million barrels of oil and 480 billion cubic feet of associated gas.

Source: - http://splash247.com/eni-cleared-mexican-authorities-develop-oilfields-gulf-mexico/