In 2017 we expanded our position along the Atlantic Margin by securing acreage in Mexico.
Cairn now holds three licences offshore Mexico (blocks 7, 9 and 15) and in 2018 we opened an office in Mexico City. These three licences provide an exciting opportunity to build a portfolio over time in this highly prolific, yet under-explored region.
We secured blocks 7 and 9 in the highly competitive Mexico offshore bid round in 2017. Both licences are located in the Gulf of Mexico in the shallow water Sureste basin in water depths of 100-500 metres and ~50km offshore. In block 7 we hold a 35% non-operated interest. In block 9 we are operator with a 65% interest. Plans are progressing for one exploration well on Block 7 and two exploration wells on Block 9 in 2019. Blocks 7 and 9 cover an area of ~1,200km2 and are directly analogous to recent world class discoveries.
In 2018 we secured block 15 in the Mexico offshore bid round 3.1 as operator with a 50% interest. The licence is in the shallow water Tampico-Misantla Basin, located north-west of blocks 7 and 9. At this early stage, there is a commitment to purchase 3D seismic information on the block. Environmental baseline survey plans are in progress.