Eni said its recent discovery offshore Mexico would hold more than the 800 million bbl of oil it originally estimated. “This is an important find and we’ve found new layers of good light oil that make us think there’s more,” CEO Claudio Descalzi said at an industry conference on 29 March. The company said earlier in March that its Amoca-2 well in the Bay of Campeche had found “meaningful” oil reserves. With the exploratory project, Eni became the first international operator to drill a well in Mexico following the 2013 reform that opened the oil sector to foreign investors.