In 2017 we expanded our position along the Atlantic Margin by securing two new licences (one operated and one non-operated) in Mexico.
Located in the Gulf of Mexico in the shallow water Sureste basin 50km offshore in water depths between 100 and 500 metres. Multiple attractive prospects in a variety of play types have been identified within this highly prolific, proven hydrocarbon province which has recently opened to international oil companies. The Mexican Gulf region is significantly under-explored compared to the nearby analogous United States Gulf of Mexico.
Having now signed the Production Sharing Contracts with the Government of Mexico we look forward to working with our local and international partners when we commence exploration drilling in 2019-2020 for both blocks.