The exploration and production areas are spread across the Burgos, Tampico-Misantla and Southeast basins, as well as Veracruz. Bidders can expect light oil and gas in the five Southeast basin areas included in the tender. The other fields hold both rich and lean gas, we as well as crude and condensates.
Without elaborating, CNH Commissioner Héctor Acosta said that one of the blocks would come with the obligation to enter into an agreement with Pemex, as it is located a cross-border area. The state-owned company is required to hold a share of at least 20% in such licenses.
Acosta also cautioned that work in the Tampico-Misantla risks impacting conservation areas and thus might necessitate companies to take additional measures to minimise the impact of operations on the environment.
The 14 licences up for auction constitute phase three of Mexico’s Round Two tender.
The World Bank has granted Namibia a $138 Read More
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
Saudi Aramco has awarded a USD 1 Read More
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
This website uses cookies.