In 2018 Perenco acquired 49% of Petrofac Netherlands Holding, which holds Petrofac contracts in Mexico and operates alongside Pemex, the State Company. This partnership has allowed Perenco to invest in the development of the Santuario, Magallanes and Arenque fields.
Perenco once again aims to demonstrate the company’s technical know-how in operating mature fields by settling in Mexico. These assets offer a STOIIP (stock of initially in place) of 4 billion barrels in place with 550 MMbbl already produced. Another 500 MMbbl in place discovered in 2013 on Santuario come to top-up these reserves, as well as five tested discoveries that have not yet been developed on Arenque.
Santuario and Magallanes Offshore Fields
Santuario and Magallanes blocks were discovered in 1960 and are located in the State of Tabasco in South-Central Mexico.
Santuario produces 9,000 bopd and 5,000 mscfd gas with 250 wells over two fields.
The two Magallanes fields with 820 drilled wells, have a gross production of 3,500 bopd and 6,000 mscfd.
Arenque Offshore Field
Arenque offshore was discovered in 1967. It is the first exploration well of the region to be successfully tested in the San Andres formation.
Located in the Gulf of Mexico 30 km off Tampico, the Arenque field covers an area of about 2,035 square km with 33 drilled wells. Existing facilities include three offshore platforms, 14 production wells, four submarine pipelines and ground processing facilities. The field produces 4,000 bopd and 17,000 mscfd of gas.
As in all the countries where the company operates, Perenco is willing to get involved in Mexico by bringing its know-how and contributing to the actions already undertaken by Petrofac and Pemex to work responsibly, support the Mexican communities and ensure the local cultural heritage is preserved.