Homol

Location and Geology

• The Homol Conventional Oil Field is located in shallow water in Mexico, specifically within block A-0151-Homol. The water depth at this location is approximately 75 feet.

Operator and Ownership

• The field is operated and owned by Petroleos Mexicanos (PEMEX), which is a state-owned integrated oil and gas company in Mexico.

Production Details

• The Homol oil field has recovered 89.20% of its total recoverable reserves as of the latest data. Peak production at the field was achieved in 2015.
• Based on economic assumptions, production from the Homol field is expected to continue until it reaches its economic limit in 2036.

Contribution to National Output

• The Homol oil field currently accounts for approximately 1% of Mexico's daily oil output.

Field Characteristics

• The field is a conventional oil field, distinguishing it from unconventional oil deposits such as oil sands.
• Given its shallow water location and conventional nature, the extraction methods are likely to be more traditional compared to the complex processes required for oil sands extraction.

Operator Overview

• Petroleos Mexicanos (PEMEX) operates across the entire value chain of the oil and gas industry, including exploration, production, processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products. It owns and operates various infrastructure such as oil refineries, petrochemical and gas processing complexes, terminals, pipelines, and a fleet of transportation vehicles. PEMEX sells gasoline and diesel domestically and exports crude oil, natural gas, petroleum, and petrochemical products internationally.

Environmental and Economic Context

• While the Homol field does not have the same level of environmental controversy as some other oil extraction projects, such as the Canadian oil sands, it is still part of the broader oil and gas industry which faces environmental and regulatory scrutiny.
• The continued production from the Homol field contributes to Mexico's energy sector and economy, but it also must comply with national and international environmental standards.

In summary, the Homol Conventional Oil Field is an important asset for PEMEX and Mexico's oil production, with a significant history of production and expected continued operation until 2036.