Mexico’s state-owned oil company PEMEX’s requested and was denied a request to migrate its huge Ku-Maloob-Zaap asset to a single Exploration and Extraction Contract without a partner, in a move that could have lowered the tax burden attached to the Gulf of Mexico field, media reports said.
The proposal, presented to CNH by SENER, was […]Continue Reading →
Mexico’s state-owned oil company PEMEX cut direct awarding practices, long blamed for inefficiencies in the firm’s performance, to 30 percent in 2016 from 80 percent the year before as it puts to work deep changes in its procurement function such as the new Electronic Awarding System and the adoption of best international practices under Director […]Continue Reading →
For the 10th time, the National Hydrocarbon Commission (CNH) modified the bidding basis of Trion’s farm out, allowing participants one extra week to analyze the joint venture contract.
The International Energy Agency (IEA) released its report on Mexico’s outlook, highlighting the benefits of the Energy Reform and saying the country could more […]Continue Reading →
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 →