PEMEX’s recently announced new ultra-deep water oil discovery won’t solve the former state oil monopoly’s problems, but are definitely a step in the right direction of turning it into a productive enterprise of the state, PEMEX Director José Antonio González Anaya said in a recent interview with El Universal newspaper.
González highlighted the advantageous location […]Continue Reading →
French geophysical services company CGG announced the delivery of 38,000km2 of seismic data to Mexico’s National Commission for Hydrocarbons.
Their “Encontrado” project covers the Perdido fold belt, with 35,000km² of the total area located in Mexican waters. The study includes data on the Trion block, the first to be auctioned in a farm-out between […]Continue Reading →
Mexican state-owned oil giant PEMEX said on Tuesday it found six oil fields in the Gulf of Mexico, among them two super-light crude deposits in the Cinturon Plegado Perdido deepwater area, as well as another four light crude deposits in shallow waters off the coast of Veracruz and Tabasco states.
The Nobilis-1 exploratory well, 220km […]Continue Reading →
On September 6th Mexico’s Ministry of Finance released the minimum royalty values for companies participating in Round One’s last oil tender, as well as the economic conditions for the Trion farm-out. Both announcements have been highly anticipated by the operators expecting to enter the deep-water market in Mexico.
Regarding the deepwater oil tender, the Ministry […]Continue Reading →
Robert Gordon University in Scotland has been awarded funding for the creation of a program aimed at resolving the skills shortage in Mexico’s oil and gas industry. The Aberdeen-based institute secured the resources from the British Embassy in Mexico through the UK government’s Prosperity Fund.
The initiative will contribute towards filling the estimated 135,000 jobs […]Continue Reading →
US-based oil giants Exxon Mobil Corp, Chevron Corp and Hess Corp will form a group to bid in Mexico’s deepwater round next December 5, according to a direct source cited by Bloomberg. The three companies will seek to win drilling rights for one of the 10 offshore blocks to be auctioned in R1-L04, the fourth […]Continue Reading →