Pemex seeks E&P partners

Mexico

HOUSTON, March 6, 2018 – Mexico’s NOC will go to its existing partners to forge new joint ventures for two deepwater fields it won in January’s Round 2.4, general director Carlos Treviño told Reuters on Monday.

Following the start of its exploration programmes for the two projects next year, Pemex will reach out to companies including BHP Billiton, which it is already working with in the Trion farm-out, and Chevron and Inpex, with whom it has partnered in two other deepwater blocks.

Treviño also said that the company would again auction the shallow-water Ayín-Batsil field, which failed to garner any interest in an October 2017 tender. Additionally, Pemex’s deepwater Maximino-Nobilis will be put back on the table after the auction was canceled earlier this year due to less-than-ideal market conditions.

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