Miztón

Project Overview

The Area 1 project, which includes the Miztón field, is owned by a consortium of Eni Mexico (Eni) and Qatar Petroleum. Eni Mexico is the operator of the project.
Eni acquired a 100% participating interest in Area 1 through a competitive bid round in September 2015 and signed a production sharing contract in December 2015. Later, in December 2018, Eni sold a 35% participating interest to Qatar Petroleum.

The Miztón field is situated in the shallow waters of the Bay of Campeche, at a water depth of about 34 meters.
The field is part of the Area 1 block, which covers an area of 67 km² and includes three fields: Amoca, Miztón, and Tecoalli.

The Area 1 block, including the Miztón field, is estimated to hold 2.1 billion barrels of oil equivalent, with 90% being oil and the remaining 10% associated gas.
Early production from the Miztón field began in June 2019, with an initial production rate of up to 15,000 barrels of oil per day. By 2021, the field reached a peak production of more than 26,000 barrels of oil equivalent per day.

The early production phase utilized a wellhead platform connected to Eni’s Onshore Receiving Facility (ORF) in Sanchez Magallanes, Tabasco, where the production was further processed at Pemex’s San Ramón plant.
Full field development involves the use of a Floating Production, Storage and Offloading (FPSO) facility named Miamte MV34, which arrived in Mexico in January 2022. The FPSO started hydrocarbon production from the Miztón field in February 2022 and is capable of processing 90,000 barrels of crude oil per day, 75 million cubic feet of gas per day, and 120,000 barrels of water injection per day. It can also store 900,000 barrels of crude oil.

The project includes 33 wells connected to three wellhead platforms and a monopod. Two wellhead platforms are currently in operation on the Miztón and Amoca fields, while another platform on the Amoca field and the monopod on the Tecoalli field are still under development.
The produced hydrocarbons are transported onshore using a 10-inch diameter multi-phase line and further processed at an existing Pemex facility.

MODEC was contracted to supply, charter, and operate the Miamte FPSO. The charter period is 15 years with five one-year extension options. MODEC's subsidiary, Sofec, was subcontracted for the design, construction, and fabrication of the disconnectable tower yoke mooring system (DTYMS) for the FPSO.

The project was approved by the National Hydrocarbon Commission of Mexico (Comisión Nacional de Hidrocarburos) in August 2018. Eni took the final investment decision (FID) for the Area 1 development in December 2018, with an estimated capital expenditure of $2 billion.
Full field development is expected to be completed by 2024, with production ramping up to reach a plateau of 100,000 barrels of oil equivalent per day.

The construction of the FPSO involved multiple yards in three different countries, including Mexico, to maximize the involvement of local suppliers. The vessel was built following stringent specifications and advanced techniques to ensure the safety of operations for both people and the environment.
Eni has also committed to cooperating with local communities, as evidenced by a Memorandum of Understanding signed with the Tabasco State Government in May 2019 to develop educational, health, and socioeconomic projects.