Woodside, Pemex Begin Drilling 24 Wells at Trion Field Using 100,000 bpd FPU
Woodside Energy and Petróleos Mexicanos have initiated drilling of 24 wells at the Trion field, linked to a 100,000 bpd floating production unit. The 60%/40% joint venture achieved final investment decision in 2023 and targets first oil in 2028, projecting over $10bn in taxes and royalties for Mexico.
1. Trion Drilling Commences
Woodside Energy and Petróleos Mexicanos have begun drilling operations at the Trion field, deploying Transocean’s Deepwater Thalassa drillship to sink 24 wells in 2,500m water depth approximately 180km off Mexico’s coast near the US border.
2. Joint Venture Structure and Timeline
Woodside holds a 60% stake and serves as operator while Pemex owns 40%, with the project receiving final investment decision in 2023 and first oil scheduled for 2028.
3. Production Infrastructure Details
Drilled wells will tie into the Tláloc floating production unit with 100,000 barrels per day capacity, and output will be offloaded via the Chalchi floating storage and offloading facility, which can store up to 950,000 barrels.
4. Economic Impact for Mexico
Over its lifespan Trion is projected to generate more than $10bn in taxes and royalties for Mexico, bolster local employment and supplier participation, and mark Mexico’s first deepwater oil output.