The France-based geoscience prospector CGG recently announced being awarded a large contract for an orthogonal wide-azimuth integrated solution for PEMEX. This solution will be used for subsalt seismic imaging optimization in the Perdido area. The survey will cover around 10,000 km2 in the Mexican deep-water area and is expected to enhance subsalt imaging results […]Continue Reading →
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →
Malaysia’s oil & gas services provider giant SapuraKencana is in the process of building a US$113 million 18km gas pipeline to connect platforms E-KU-A2 and CA-AJ-1(J4) of the Ku-Maloop-Zaap (KMZ) heavy oil crude field in Mexico’s Campeche Sound.
The contract, awarded in July to the company by Mexico’s state-owned oil firm PEMEX, was obtained through […]Continue Reading →
Mexico’s oil regulator announced that PEMEX’s agreed stake in the upcoming Trion farm-out is to be reduced to 40 percent, down from the original 45 percent. The Trion block, located in the Perdido Fold Belt, is set to become the first area in Mexico’s deep waters involved in a joint venture between PEMEX and […]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 →
Carlos Murrieta Cummings was named the new Director of PEMEX’s subsidiary for Industrial Transformation on August 20th. Murrieta will start functions on September first, when he returns to the state-owned oil company after sixteen months of absence.
Murrieta resigned his position as Chief Operating Officer of PEMEX in April of 2015, allegedly to recover […]Continue Reading →