Grupo idesa, s.a. de c.v. private company information – bloomberg grade 9 electricity

Grupo IDESA, S.A. de C.V. produces, distributes, markets, and sells various petrochemical and chemical products in Mexico. It operates through four segments: Petrochemicals, Distribution, Logistics, and Applications. The petrochemical segment produces and markets a range of petrochemical products, including ethylene glycols, ethanolamine, phthalic anhydride, expandable polystyrene, propylene glycol, maleic anhydride, dioctyl phthalate, and alkylamines, which are used as raw materials in the production of plastic bottles and containers, clothing, automotive fluids, resins, detergents, cosmetics, soaps, fragrances, flavoring, pharmaceuticals, insulation, herbicides, agrochemicals, gas purifica…

Grupo IDESA, S.A. de C.V. produces, distributes, markets, and sells various petrochemical and chemical products in Mexico. It operates through four segments: Petrochemicals, Distribution, Logistics, and Applications. The petrochemical segment produces and markets a range of petrochemical products, including ethylene glycols, ethanolamine, phthalic anhydride, expandable polystyrene, propylene glycol, maleic anhydride, dioctyl phthalate, and alkylamines, which are used as raw materials in the production of plastic bottles and containers, clothing, automotive fluids, resins, detergents, cosmetics, soaps, fragrances, flavoring, pharmaceuticals, insulation, herbicides, agrochemicals, gas purification, and concrete additives, as well as in other applications. The distribution segment supplies solvents and chemical products comprising aromatics, alcohols, aliphatic naphthas, fuels, ketones, acids, antioxidants, acetates, glycols, inorganic and organic chemicals, amines, plasticizers, and customized formulations to automotive, paints and coatings, thinners, oil field services, pharmaceuticals, synthetic resins, adhesives and sealants, cleaning products, plastic manufacturing, agrochemicals, cosmetics, lubricants and leather, footwear, and textiles industries. The logistics segment provides in-bond storage, chemicals handling and distribution, greases, and oils for the cosmetic, automotive, and food industries. The applications segment develops and markets value-added products, such as architectural and industrial paints, printing inks, packaging, nail polish, and expandable polystyrene constructions systems. The company also exports its products. Grupo IDESA, S.A. de C.V. has a strategic joint venture agreement with International Frontier Resources Corporation. The company was founded in 1956 and is headquartered in Mexico City, Mexico.

International Frontier Resources Corporation (IFR) announced that its joint venture Tonalli Energia (Tonalli) has successfully and safely reached total depth at its first evaluation well, TEC-10, on its onshore Tecolutla block, in partnership with Grupo IDESA. The TEC-10 directional evaluation well was drilled to the target depth of 2,453m (Total Vertical Depth TVD, 2,490m Measured Depth). Production casing has been successfully installed and the drilling rig was released on May 4th, 2018. TEC-10 Highlights include: The TEC-10 well encountered the top of the El Abra reef at 2,315m TVD and drilled 138m of gross reef thickness. Wireline logs indicate 57 meters of the penetrated El Abra reef has above 3% porosity with an average porosity of 5.7%. There are multiple prospective intervals including a primary target interval in the upper El Abra with 13m of net reservoir with a porosity range of 6-18% (average 10.7% porosity). Tonalli is encouraged by the high porosity identified in the TEC-10 wireline logs. Furthermore, a visual inspection of the core taken from within this primary target interval has visible porosity and oil staining. Three intervals in the lower El Abra had indications of oil while drilling and porosity values indicated on wireline logs of between 3-6%. The lowest identified interval is at 2,408m TVD which is 70m below the lowest produced interval at Tecolutla. It is encouraging to encounter oil indications deeper than originally expected in the El Abra reef. Ongoing completion operations are expected to determine the presence and deliverability of hydrocarbons at these deeper depths. Commencement of completion and production testing of the TEC-10 well is expected in mid May and will determine production rates and recovered fluid properties. Continuing analysis of wireline, imaging logs and core analysis will be utilized to verify the above interpretations, characterize the El Abra reservoir, refine the 3D seismic model, and identify the further potential of the Tecolutla block. IFR will provide an update on the results of the production tests when they become available. The Tecolutla field is located within the Tampico-Misantla Basin, which has multiple reservoirs with diverse play types and access to existing infrastructure, market, service sector providers and an established supply chain. IFR was one of the first foreign companies to participate in the historic reform of Mexico’s oil and gas sector when Tonalli was granted the right to operate, develop and produce hydrocarbons at Tecolutla through a licensing contract with the Mexican government.

International Frontier Resources Corporation announced that in partnership with Grupo IDESA, Tonalli Energia has spudded its first evaluation well, TEC-10, at its onshore Tecolutla block. The TEC-10 directional evaluation well will be drilled to target the El Abra formation at a depth of 2,490 meters (8,169 feet). The expected timeline from spud date to reach total depth is under three weeks. Tonalli will implement a modern core and logging program to re-evaluate the properties of the reservoir and to optimize both the completion of TEC-10 and future development of the Tecolutla field. The Tecolutla field is located within the Tampico-Misantla basin which has multiple reservoirs with diverse play types and access to existing infrastructure, market, service sector providers and an established supply chain. In 2017, IHS Markit identified the Tampico-Misantla Basin as a potential "super basin". Tecolutla is in close proximity to existing PEMEX measurement points and pipeline infrastructure. This strategic position of the block should enable Tonalli to efficiently bring oil to the market. Existing pump stations and oil effluent pipelines are both located approximately 30 kilometres (18.6 miles) north of the TEC-10 well. Oil produced at Tecolutla will be trucked to this existing facility and metered before entering the existing pipeline system. These are connected to the central processing facility at Poza Rica. This favourable location provides Tonalli with significant optionality for marketing and transportation of the much-needed oil to the domestic market in the event of a commercial oil find. The existing four wells at Tecolutla were drilled by PEMEX between 1956 and 1972 and produced 1.9 million barrels without the use of artificial lift. Based on Tonalli’s interpretation of the 3D seismic, the Tecolutla field has been significantly underdeveloped.