Harbour Energy and TotalEnergies have announced a substantial increase in the estimated reserves of their shallow-water Kan oil discovery offshore Mexico, signaling accelerating development plans.
In its latest trading and operations update, Harbour Energy revealed that the gross resource estimate for the Kan discovery has surged by 50%, reaching approximately 150 million barrels of oil equivalent. This major upgrade strengthens the project’s economic prospects and boosts expectations for faster development.
Harbour Energy holds a 70% operating interest in Block 30, while TotalEnergies maintains a 30% stake. The joint venture’s commitment to advancing the Kan project is expected to play a crucial role in Mexico’s offshore energy strategy, reinforcing the country’s position in the global energy market.
The Kan discovery, part of Mexico’s broader offshore exploration campaign, underscores the region’s potential for significant hydrocarbon yields, with the operators hinting at streamlined project execution to capitalize on the growing reserves.
