Renaissance Oil Corp. is coming closer to becoming the first shale operator in Mexico’s Tampico-Misantla Basin, an area that could hold at least 23 trillion cubic feet (Tcf) and 5.5 billion barrels (Bbbl) of risked, technically recoverable shale gas and oil. Hailed as the second-most attractive shale basin in Mexico behind Burgos, the company aims to position itself in Tampico-Misantla to reap the onshore unconventional benefits.“There’s many billions of oil in place in our 57,000-acre Amatitlán Block,” said Dan Jarvie, leading geochemist of Renaissance’s E&P team.In the past, Pemex mostly focused on the gas potential of the area, but Jarvie has been looking more closely at oil-bearing prospects within Renaissance’s block near Poza Rica in Veracruz. 
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Source: Daily Dose of ShaleDirectories.com News