Eni fast-tracks promising Mexican well

8/01/2017 Financial Times

Eni, the Italian oil group, is to move quickly to start developing the first new field drilled by an international company in Mexico for almost 80 years after discovering an estimated 1bn barrels of oil in the Amoca field in the Gulf of Mexico earlier this year.

Mexico has become one of the best prospects in the global oil and gas industry, according to Claudio Descalzi, Eni chief executive. He told the Financial Times that the country was “a rare opportunity” because it offered plentiful resources in shallow water, close to the coastline of a relatively developed country, with good infrastructure already in place.

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