Renaissance Oil Corp., Vancouver, BC, has signed a license contract for the formerly productive Ponton Block in Veracruz, Mexico, and is preparing development plans to restart output.
Ponton, 25 km southeast of Panuco, becomes the fourth block Renaissance operates in Mexico. The others are in the Chiapas-Tabasco area.
Past production from the 2,965-acre Ponton Block totaled 800,000 bbl of 34° gravity oil. The license, for which Renaissance received an option in Mexico’s mature-blocks auction in December 2015, covers the full stratigraphic column (OGJ Online, Jan. 4, 2016).
Pemex developed Ponton field with 14 wells in the 1970s. Production came from the Upper Jurassic San Andres formation, at an average reservoir depth of 1,266 m, and the Lower Cretaceous Tamaulipas Inferior formation, 925 m.
Renaissance has identified additional drilling and workover opportunities. It is committed to drill one development well and conduct other development activities.
The company has opened field operations office in Villahermosa, Tabasco, near its Chiapas blocks, which produced an aggregate average of 1,700 boe/d in July, about 45% oil.
Renaissance completed a 90-day transition period to become operator with 100% interests in those blocks: Mundo Nuevo, Topen, and Malva. It has an agreement to sell production to Pemex.
On the Mundo Nuevo Block, 42 km southwest of Villahermosa, Tabasco, Renaissance has identified “numerous” development locations and is required to drill one well.
Mundo Nuevo field produces from a Middle Cretaceous fractured carbonate reservoir at an average depth of 2,580 m. Pemex drilled 14 wells in the field and produced as much as 15,000 b/d of natural gas liquids in the early 1980s.
Production last May was 215 b/d of light oil and 2.7 MMcfd of gas.
The Topen Block covers 6,251 acres 45 km southwest of Villahermosa.
Pemex developed Topen field with five wells drilled into Upper Cretaceous fractured carbonate at an average depth of 3,300 m. Production peaked at more than 1,500 b/d of medium crude oil in the mid-1980s.
Average Topen production last May was 225 b/d of light oil and 500 Mcfd of gas.
Renaissance has identified development well locations, potential for field extensions, and a previous untested area supported by seismic amplitude analysis. Its work commitment includes one development well.
The 5,239-acre Malva Block is 61 km southwest of Villahermosa. Malva field, an Upper Cretaceous limestone reservoir, produced more than 2,000 b/d of light crude in the late 2000s from four Pemex wells. Average reservoir depth is 2,680 m.
Malva produced 265 b/d of light oil and 2.7 MMcfd of gas in May.
Renaissance has identified further drilling and optimization opportunities for the field. It is committed to drilling two wells.