PEMEX continues to win approvals for its priority development plans this week, as Dos Bocas news continues to flow and Premier Oil looks to sell off its share in the Zama oil field. All this and more, in this week’s roundup!
CNH Approves More PEMEX Fields
PEMEX received the green light for its Teekit and Cibix field development plans from CNH on Tuesday.
More good news followed on Thursday, as CNH gave its approval for two more fields, Tlacame and Tetl, to the national oil company.
These new additions mean that PEMEX, whose revival has been placed at the center of the López Obrador administration’s economic plan, now has 14 of its 20 priority development plans rubber stamped. So far, these 14 fields represent an investment of US$10.67 billion.
Enermex to Construct Terminal at Dos Bocas
Mexican company Enermex is set to construct a terminal for drilling fluids and bio-reducers that will be able to hold up to 10M/b at the new Dos Bocas refinery.
The company already operates nine terminals in Mexico and a larger 250M/b capacity terminal in Brownsville, Texas.
PEMEX Announces Training Push
PEMEX Director Octavio Romero has announced that the company will be giving training to its 127,600-strong workforce to increase the capacities of personnel and increase the company’s competitiveness.
Premier Oil Begins Processing of Block 30 3D Seismic Survey
British company Premier Oil this week announced that it has begun to process the 3D seismic survey data collected from Block 30 in the Southeast Basin, won in Round 3.1
The company, which also received approval from CNH for its Blocks 11 and 13 exploration plans in July, believes that drilling its Block 30 prospect will begin in 2020.
Block 30 is located close the world-renowned Zama field, operated by US company Talos Energy, and which Premier Oil is a stakeholder. This week, Premier Oil also announced that it is looking to sell its stake in Zama in order to reduce company debt.
In July, Premier’s exploration plans for Blocks 11 and 13 were also approved by CNH.