Pemex, Lewis in Mexico shale contract
Mexico The companies will work together under an Integrated Exploration and Extraction Contract in the Olmos field, where they will try to bring production to 3.31 mcm (117 mcf) of gas per day by 2021.
“Pemex is actively using the tools and flexibility the energy reform has granted the company, to share financial and operating risks with third parties and increase the strategic investments that will maximise the value of its hydrocarbons production,” the statement said.
The NOC is looking to leverage Lewis Energy’s experience in US unconventional plays, where it has drilled more than 500 shale gas wells.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More