Five-Year Plan and Financial Outlook
America: Mexico and Brazil
Entry into high potential petroleum province at exploration stage
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Mexico
Deep-water with high petroleum potentials
and attractive fiscal regime
Mexico block 12 (2.4)
Non-operating partner with 20% participating interest
Located in the Mexican Ridges, western Gulf of Mexico
Currently evaluating petroleum potential and preparing for
an exploration well drilling in 2021
MEXICO
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Mexico block 29 (2.4)
Non-operating partner with 16.67% participating interest
Located in the Campeche, southern Gulf of Mexico
Made two successful deep-water oil discoveries with good quality
reservoirs in May 2020
The appraisal plan and exploration plan were approved by
the Mexican regulators (CNH) on 25 March 2021.
Preparing for exploration well and appraisal drilling.
Block 12
善
gob.mx
Block 29
Exploration phase
Mexico block 12 (2.4) &
Mexico block 12 (2.4)
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88
Barreirinhas
Basin
BRAZIL
Espirito Santo
Basin
Brazil
Deep Water
Barreirinhas AP1
•
Farm-in 25% from BG Group in 2014
PTTEP
• Operated by Shell Brasil (65% interest)
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Four offshore exploration blocks: BAR-M-215, BAR-M-217, BAR-M-252
and BAR-M-254
Currently waiting for exploration wells drilling permit from the
government
BM-ES-23
• Acquired 20% interest from Shell in Q3 2014
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Partnered with Petrobras (65%, operator) and INPEX (15%)
• Currently evaluating the petroleum potential for further
development
Energy Partner of ChoiceView entire presentation