The Mexican government announced more winners of drilling contracts last week as it pushes forward with its aim to increase production on PEMEX oil fields.
The government is currently in the process of awarding contracts to companies to develop 20 recently discovered oil fields, including 16 offshore sites, which will require the drilling of some 117 wells.
PEMEX was vague on details, but here is some of what we know.
Among the winners was MEXOIL Energy, created by the president of major Mexican dairy provider, Lala, and baked goods company Bimbo. MEXOIL is set to receive contracts worth US$451 million for participation in onshore oil fields and will work alongside Texas-based Aquila Sedco Drilling.
Grupo R and Cemza, who have a long history of working with PEMEX, were handed contracts totaling US$1.6 billion for work on shallow-water sites off the Tabasco coast.
Grupo R is set to drill two 3P wells, Xikin and Esah, discovered by PEMEX in 2015. Xikin, located 24km from the coast of the state of Tabasco, is estimated to hold of light crude oil. Esah, meanwhile, will produce 130 MMboe of crude, reported PEMEX.
Cemza and its subsidiary Marinsa have been contracted for well intervention on fields in the Gulf of Mexico. The exact location of Cemza’s activities have yet to be revealed.
The news follows the awarding of two EPC contracts at the end of January, with Grupo Protexa, Promotora Petrolera Regiomontana, Permaducto e Industrial Perforadora Campeche among winners.
These most recent contracts were handed out after a closed bid process in which only invited companies could tender. Those with experience in Mexico were the preferred choice.