Itta

Location and Terrain

The Itta conventional oil field is located in the Gulf of Mexico, Mexico, specifically within the blocks AE-0008-Amoca-Yaxche-06 and AE-0151-Uchukil. The water depth at this location is approximately 89 feet.

Operator and Ownership

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

Production and Reserves

• The Itta field has recovered about 39.01% of its total recoverable reserves as of the latest data.
• Peak production was achieved in 2023, and production is expected to continue until the field reaches its economic limit in 2038.
• The field currently accounts for approximately 1% of Mexico’s daily oil output.

Project Status and Development

• The Itta field is currently in production.
• An expansion project associated with the Itta field, known as the Itta Development, is in the approval stage.

Operational Data

• Production: The field has been producing oil since its inception, with peak production in 2023.
• Reserves and Resources: The field has total recoverable reserves, though the exact figures are not specified in the available sources.
• Capital and Operating Costs: Detailed cost data is not provided in the public sources, but it can be obtained through comprehensive reports from companies like GlobalData.

Infrastructure and Facilities

• The field is part of PEMEX's broader infrastructure, which includes oil refineries, petrochemical and gas processing complexes, land and maritime terminals, oil and gas pipelines, and other facilities. However, specific infrastructure details for the Itta field itself are not provided in the sources.

Economic and Market Impact

• The Itta field contributes to Mexico's overall oil production, with its output being a small but significant portion of the country's daily production.
• PEMEX exports crude oil, natural gas, petroleum, and petrochemical products to international markets, which includes the output from the Itta field.

Future Outlook

• Production from the Itta field is expected to continue until 2038, based on economic assumptions.
• The expansion project, once approved, will likely enhance the field's production capacity and extend its operational life.

Additional Information

• For more detailed insights, including proprietary forecasts of production, capital, and operating costs, as well as core details and key operational data, a comprehensive report from GlobalData can be purchased. This report would provide actionable insights, competitive advantage, and detailed project intelligence.