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Eni might be able to tap into between 200 and 300 million extra barrels of oil after making a new discovery near Mexico.

The oil company located the source on the Saasken Exploration Prospect in Block 10, situated in Cucena Salina in the Sureste Basin.

The discovery was made by the Saasken-1 NFW well, which has become the six consecutive successful well drilled by Eni in the Sureste Basin.

This well, which was drilled by the Valaris 8505 Semisub in water stretching 340 metres deep, can be found 65 km off the coast of the Central American country and has a total depth of 3.83 km.

Following the discovery, data has been collected on the well, analysis of which has concluded more than 10,000 barrels of oil could be collected every day.

This means Block 10 could become a very lucrative commercial production site for Eni. This is particularly the case as other prospects have been located close to the area that “may be clustered in a synergic development”, a spokesperson for the firm said.

Lukoil and Capricorn will work together with Eni on the Block 10 Joint Venture, which will pursue the discovery of oil here and exploit synergies close by to determine whether this area could be developed commercially.

Eni has found its presence in Mexico to be very successful, having been present in the country since 2006. It has become a “core country in Eni’s strategy of future organic growth”, with the firm producing around 15,000 barrels of oil equivalent per day from Area 1.

This comes after Panoro Energy ASA announced oil sources on the Dussafu Marn Permit, close to Gabon.

To find out more about electron beam services for oil discoveries, get in touch with us today.