Tekel

Location

The Tekel oil field is located in the Gulf of Mexico, specifically in shallow waters off the coast of Mexico.

Operator

The field is operated by Petroleos Mexicanos (Pemex), the state-owned oil and gas company of Mexico.

Geology and Reserves

• The Tekel field is characterized as a heavy oil field, which presents specific challenges in extraction and production.
• While the exact reserves of the Tekel field alone are not detailed in the sources, it is part of a larger project area that includes the Ayatsil and Utsil fields. Together, these fields are situated in an area known for significant oil and gas discoveries.

Production

• The Tekel field is currently in production. As a producing field, it contributes to Mexico's overall oil output, although specific production rates for Tekel alone are not provided in the sources. However, the broader project area including Ayatsil, Tekel, and Utsil is expected to have detailed production profiles.

Development and Challenges

• The development of the Tekel field, like other fields in the area, involves addressing the geological challenges associated with heavy oil extraction. This includes specialized drilling and production techniques.
• The project faces various challenges, including those related to the geological profile, asset development, and economic factors. A detailed analysis of these challenges is provided in reports such as the "Mexico Ayatsil-Tekel-Utsil Project Panorama".

Economic Analysis

• The economic analysis of the Tekel field, as part of the larger Ayatsil-Tekel-Utsil project, includes cash flow summaries, state take summaries, and asset valuation metrics. These analyses help in understanding the financial viability and future outlook of the project.

Project Overview

• The Tekel field is one of several fields discovered and developed in the region. Other nearby fields include Nuktah, Platao, and Asiki, which are also significant discoveries made by Pemex and other companies in 2023.
• The project involves ongoing investment and development. For example, nearby fields like Platao are undergoing transition plans to reach full output, which could provide insights into the broader development strategies for fields like Tekel.

Historical Context

• The exploratory well for the Tekel field was authorized in early stages, similar to other fields in the area. For instance, the Nuktah exploratory well was authorized in January 2022, and other fields like Asiki had spudding authorized in early 2022.

By combining these points, the Tekel oil project can be seen as a significant component of Mexico's oil and gas sector, operated by Pemex, with ongoing production and development activities amidst the challenges and opportunities presented by heavy oil extraction.