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  • Pemex is Awarded Exploration Blocks in Round 2.1
    édité le 20/06/2017 - Plus de news de "PEMEX" - Voir la fiche entreprise de "PEMEX"

Pemex is Awarded Exploration Blocks in Round 2.1
As part of the strategy to diversify and strengthen its exploration portfolio, Petróleos Mexicanos, through the subsidiary productive company Pemex Exploración y Producción (PEP), participated in Round 2.1, which was conducted in an exemplary and transparent fashion by the National Hydrocarbons Commission (CNH). As a result of this bidding process, Pemex was awarded two blocks: Block 2, as a consortium with the Germán company Deutsche Erdoel AG (DEA), and Block 8, as a consortium with Colombian company Ecopetrol.

In Block 2, Petróleos Mexicanos is the operating partner with 70% participation. It covers a surface of 549 km2, located in the continental platform of the Tampico-Misantla basin, to the west of the Gulf of Mexico. The submitted bid was 57.92% of the State participation value, 1.0 of additional investment factor, and a weighted value of 63.493 of the financial bid.

This joint venture with the DEA will allow Pemex to share risks and experience with a company that has over 100 years in the industry and which has developed operations in the United Kingdom, Norway, Egypt and Germany, among other countries.

Regarding Block 8, Pemex is the operator with 50% participation. This area is located in the Southeastern Basins and spans a surface of 586 km2. The bid submitted was 20.10% of State participation value, an additional investment factor of 0, and a weighted value of the financial bid of 20.100. With this consortium with Ecopetrol, Petróleos Mexicanos is at the beginning of a business relationship with one of the largest Latin American oil companies, with which it shares a strategic alignment.

Due to the closeness of these blocks to assignments Pemex holds in shallow waters, the existing infrastructure will allow for the creation of synergies in exploration and development. The geological conditions and the type of fields expected in these blocks are similar to those in the areas and fields the company has been exploring for the past 40 years.

These assignments will contribute to the achievement of the reserve incorporation goals of Petróleos Mexicanos established in its 2017-2021 Business Plan. Thus, Pemex is maximizing the country’s resources and proving that it is a competitive company and a highly attractive and reliable investment partner for the benefit of all Mexicans.

About Pemex

Pemex, Mexico's state oil company, is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene and diesel. Pemex operates 344 production fields, 6,382 production wells, 225 off-shore platforms, 6 refineries, 8 petrochemical complexes, 7,896 km of gas pipeline, 4,548 km of oil pipeline, and 19 LPG distribution terminals.

Origine : Communiqué PEMEX

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