Italian major Eni has discovered a new offshore oil find in Mexico's Sureste Basin which could contain some 200 million barrels of oil (MBoe), the company said in a statement on Friday.
The discovery is located in the Yatzil exploration prospect in Block 7, in the mid-deep water of the Cuenca Salina, according to the statement.
Eni is the main operator of the Block 7 Joint Venture, with a 45% stake, in partnership with Capricorn (30%) and Citla Energy (25%), the statement said.
Mexico, a core country for Eni's organic growth, is currently producing over 30,000 barrels of oil equivalent per day (boed) from the Area 1 phased development project, which is expected to be completed by 2025.
Eni currently holds rights in eight exploration and production blocks (six as the operator), all located in the Sureste Basin in the Gulf of Mexico.
The company has operated in Mexico since 2006 and established its wholly owned subsidiary Eni Mexico S. de R. L. de C.V. in 2015.