BP to drill first deep-water oil well offshore Mexico block in 2020

BP will drill its first deep-water exploration well at a block it operates in the southern Gulf of Mexico in the third quarter of 2020, according to a plan approved recently by Mexican oil regulator CNH.

The four-year exploration plan for the block located in the Gulf’s Salina basin will lead to an investment of US$199.5 million and add up to 75 MMboe in reserves.

Statoil and Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico’s first-ever deep-water oil auction in late 2016.

Source: Offshore Magazine