Pemex discovers oil with Kinbe-1 in the Gulf of Mexico

By Phaedra Friend Troy

Mexico’s national oil company Pemex has discovered oil with its Kinbe-1 exploration well in the shallow waters of the Gulf of Mexico.

The Kinbe oil and gas field is located about 87 kilometers northwest of the city of Carmen, in waters measuring 22 meters deep.

Spud in May 2010, the Kinbe-1 exploration well was finished on August 9, 2011. The discovery well transected hydrocarbons in the Jurassic Kimmerdgian formation.

Confirmed as an oil field through production testing, the Kinbe-1 wells flowed 37-degree API oil at a rate of 5,600 barrels of oil and 9 million cubic feet of natural gas a day.

Pemex believes the success of Kinbe-1 further supports the potential of the offshore light crude oil projects at the Tsimin, Xux, May and Kab fields in the state of Campeche.

According to a Reuters report, Pemex has claimed that the adjacent Tsimin and Xux oil fields are expected to contain 1.5 billion barrels of proven, probable and possible oil reserves.

Battling dwindling production numbers, Pemex is working to increase reserves through exploration and production on existing fields.

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