Mexico Exploring rich reserves
Wintershall Dea has been developing hydrocarbons in Mexico since 2017 and immediately assumed an auspicious role in this promising market.
Mexico has some of the world’s largest proven reserves. After entering the national oil and gas market, Wintershall Dea established a major position there in a short time. In particular, Wintershall Dea’s takeover of the operatorship of the Ogarrio oil field, its participation in the world-class Zama discovery and a very promising offshore exploration portfolio are contributing to its success in Mexico.
Wintershall Dea is the operator of the onshore oil field Ogarrio and holds shares in ten offshore exploration blocks in the Gulf of Mexico. The company operates three of these exploration blocks.
In the Tampico-Misantla Basin, the Wintershall Dea is the operator of Block 16 and 17 and is partner of Pemex in the neighbouring Block 2.
In the Sureste Basin, it operates Block 30. Through the acquisition of Sierra Oil & Gas in 2018, Wintershall Dea is active partner in six additional exploration blocks in this promising area. One is Block 7, in which Wintershall Dea has a 40 percent stake. It contains a large part of the Zama discovery, one of the world’s largest shallow-water discoveries. Furthermore, in May 2020, Wintershall Dea and its partners in Block 29 announced the two significant oil discoveries Polok and Chinwol. The Polok discovery opens a new play within Mexico’s Salina Basin.
to 800 million boe of recoverable gross resources are anticipated in the Zama discovery.
wells have been drilled, since the Ogarrio field was discovered in 1957.
In 2017, Wintershall Dea received a 50 per cent licence share as well as the operatorship of the Ogarrio onshore oil field. Ogarrio is one of the first producing oil fields in Mexico where – following liberalization of the energy sector – an international company acts as operator. Wintershall Dea intends to leverage its expertise to maintain or even increase the mature field’s output long term. New wells and technical optimization measures are planned.