ENI to exploit three Mexico oil fields

(ANSA) - Rome, October 1 - Publicly owned ENI oil and gas giant announced Thursday it has won a 100% share in a Production Sharing Contract (PSC) to appraise, develop and exploit the offshore oil fields of Amoca, Miztón and Tecoalli in Mexico's Campeche Bay. The three oil fields are located in the so-called Area 1, which is close to the shore, at a depth of 20-40 meters.
    Mexico's National Hydrocarbons Commission (CNH) put potential yields for the three fields at approximately 800 million barrels of oil and 480 billion cubic feet of associated gas.
    The Area 1 concession will be operated by a newly formed company called ENI Mexico.