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Eni targets new exploration well after significant find in Mexican waters - Upstream Online

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Eni targets new exploration well after significant find in Mexican waters | Upstream Online

Eni plans to carry out a fresh wave of investments in a high-profile exploration block offshore Mexico, as the Italian oil major seeks to evaluate the area's hydrocarbons potential and to build new volumes on the heels of a significant recent discovery in the area.

Eni targets new exploration well after significant find in Mexican waters

Italian operator to return to Block 7 to investigate Yatzil-1EXP discovery

24 July 2023 5:59 GMT Updated 24 July 2023 6:02 GMT
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in Rio de Janeiro

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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