Mexico’s state oil firm Pemex has got the go-ahead explore the country’s first offshore presalt well.
Approval from the national oil industry regulator Comisio Nacional de Hidrocarburos (CNH) came in the form of modifications to Pemex’s licence.
It means Pemex can probe the YAXXTAAB-1 well in the AE0013-M-Pilar de Akal Kayab-04 area in the Bay of Campeche in the Gulf of Mexico.
Although the waters are shallow at around 50 metres the salt layer will require drilling to a depth of 7,800m.
The presalt region is a layer of salt that traps crude oil beneath the seabed. It was formed at the end of the Mesozoic era.
While this will be Mexico’s first presalt venture, Brazil has conducted a lot of drilling in its presalt area.