Noxal oil field

Noxal oil field
Noxal oil field
Country	Mexico
Region	Gulf of Mexico
Offshore/onshore	Offshore
Production
Estimated oil in place	10,000 million barrels (~1.4×109 t)
Estimated gas in place	245×109 cu ft (6.9×109 m3)

Noxal is a deep underwater oil field in the Mexican waters of the Gulf of Mexico that was once believed to contain up to 10 billion barrels (1.6 billion cubic metres) of crude oil. Further drilling has revealed a modest 245 billion cubic feet (6.9 billion cubic metres) a modest natural gas find. The region is still expected to contain 10 billion barrels (1.6 billion cubic metres) of oil and natural gas equivalent. The field lies 4,000 metres (13,000 ft) below the sea bottom, which is itself 930 metres (3,050 ft) below sea surface, about 100 kilometres (62 mi) off the coast of Veracruz state.[1]

The Noxal Oil Field located off the Veracruz Coast

Research

In December 2005, the quest to drill into the Gulf began with the intent to replace the dwindling supply of oil from the Cantarell field. Pemex, a Mexican petroleum company, began their first deepwater research and discovered Noxal and Lakach. Noxal, located in the Catemaco Folded Belt, was the first ever deepwater oil well found by Pemex. The news about this discovery went public in 2006. When tests were conducted at four different intervals, they confirmed the well was indeed filled with natural gas, containing 10 billion barrels of oil. After the success of the Noxal oil field, Pemex drilled into the second oil field it discovered, Lakach. Noxal and Lakach are just a few of many oil fields that have been discovered and ready to be drilled into so Pemex can bring these gases to land. However, at the time of the discovery of both of these oil fields, Pemex encountered issues due to having no knowledge or experience with deepwater drilling. Pemex was also not allowed to have outside help due to the nationalization of oil reserves in Mexico. This was one of the reasons for the country's decline in the production of oil in the first place.[2][3]

While Noxal was announced as a major oil field, it turned out to be non-existent or unprofitable for development.[4]

Drilling

The Noxal-1 well (3,115 feet deep) was drilled by Diamond Offshore Drilling, a Texas-based company.[5] The drilling started on 8 December 2005.[6]

References

"Taiwan geology analysis" (PDF). Baker Institute.
Print Project
Archived copy Archived November 27, 2014, at the Wayback Machine
"Pemex's new Dzimpona field: hype or hope?". BNAmericas. 17 March 2021. Retrieved 21 May 2021.
David Shields (1 September 2006). "Despite falling output, Mexican politics keep foreign operators out". Offshore Mag. Retrieved 21 May 2021.
"Report of Foreign private issuer pursuant to rule 13a-16 OR 15d-16 under the securities exchange act of 1934". Sec.gov. April 2006. Retrieved 21 May 2021.

External links

Mexico discovers 'huge' oil field BBC News, March 15, 2006.

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[1] "Taiwan geology analysis" (PDF). Baker Institute.

[2] Print Project

[3] Archived copy Archived November 27, 2014, at the Wayback Machine

[4] "Pemex's new Dzimpona field: hype or hope?". BNAmericas. 17 March 2021. Retrieved 21 May 2021.

[5] David Shields (1 September 2006). "Despite falling output, Mexican politics keep foreign operators out". Offshore Mag. Retrieved 21 May 2021.

[6] "Report of Foreign private issuer pursuant to rule 13a-16 OR 15d-16 under the securities exchange act of 1934". Sec.gov. April 2006. Retrieved 21 May 2021.