The Chicontepec Basin (Chicontepec Formation) is a petroleum system in Mexico north-east of Mexico City, covering an area of around 3,800 square kilometres (1,500 sq mi) in the states of Veracruz, Puebla and Hidalgo. Several oil fields have been discovered in that area since 1926. A major field was discovered in 1973 but contains extra heavy crude[dubious – discuss], which due to special refining needs is considered unviable at this time. Since that time, tiny amounts of oil have been produced.[1] While the reserves are overwhelmingly extra heavy crude, pockets of lighter tight oil, as well as natural gas, are also found in the basin.[2]
In March 2006, Mexican President Vicente Fox announced that Pemex would invest US$37.5 billion over the next 20 years on the oil fields of Chicontepec. It was hoped that this will boost output to 1 million barrels per day (160×10^3 m3/d). Pemex's chief executive estimates that 20,000 wells are to be drilled in order to exploit this field.
Intensive drilling has taken place in Chicontepec in recent years, starting with a contract for 500 new wells offered in December 2008.[3] However, results in terms of output have been disappointing, with the field still yielding a modest 68,000 barrels per day (10,800 m3/d) in May 2012.[4]
^Fernando Pérez Corona (24 May 2012). "Alcanza Pemex en Chicontepec récord histórico de producción diaria(Spanish". e-consulta.com.
April 14, 2024
chicontepec, formation, chicontepec, basin, petroleum, system, mexico, north, east, mexico, city, covering, area, around, square, kilometres, states, veracruz, puebla, hidalgo, several, fields, have, been, discovered, that, area, since, 1926, major, field, dis. The Chicontepec Basin Chicontepec Formation is a petroleum system in Mexico north east of Mexico City covering an area of around 3 800 square kilometres 1 500 sq mi in the states of Veracruz Puebla and Hidalgo Several oil fields have been discovered in that area since 1926 A major field was discovered in 1973 but contains extra heavy crude dubious discuss which due to special refining needs is considered unviable at this time Since that time tiny amounts of oil have been produced 1 While the reserves are overwhelmingly extra heavy crude pockets of lighter tight oil as well as natural gas are also found in the basin 2 Chicontepec FormationCountryMexicoRegionVeracruzPueblaHidalgoOperatorPemexField historyDiscovery1926ProductionEstimated oil in place139 000 million barrels 1 90 10 10 t Recoverable oil19 000 million barrels 2 6 10 9 t Attempts at increasing output editIn March 2006 Mexican President Vicente Fox announced that Pemex would invest US 37 5 billion over the next 20 years on the oil fields of Chicontepec It was hoped that this will boost output to 1 million barrels per day 160 10 3 m3 d Pemex s chief executive estimates that 20 000 wells are to be drilled in order to exploit this field Intensive drilling has taken place in Chicontepec in recent years starting with a contract for 500 new wells offered in December 2008 3 However results in terms of output have been disappointing with the field still yielding a modest 68 000 barrels per day 10 800 m3 d in May 2012 4 See also edit nbsp Mexico portal nbsp Energy portalPetroleum industry in MexicoReferences edit About 2500 b d in 2002 according to Archived 2 May 2006 at the Wayback Machine World oil Nov 2001 Vol 222 No 11 Mexico seeks bids for 500 Chicontepec oil wells Fernando Perez Corona 24 May 2012 Alcanza Pemex en Chicontepec record historico de produccion diaria Spanish e consulta com Retrieved from https en wikipedia org w index php title Chicontepec Formation amp oldid 1168095011, wikipedia, wiki, book, books, library,