Mexico’s secretary of energy (SENER) announced on 7 January that it signed two remaining production sharing contracts with Pan American Energy and Fieldwood Energy for areas awarded offshore Mexico during the country’s phase two bid round held in late September.
The bid round on 30 September produced three winning bids for the five blocks offered in the shallow waters of the southeast basin. A consortia consisting of Pan American Energy and E&P Hidrocarburos y Servicios won Block 2, while a consortia of Fieldwood Energy and Petrobal won Block 4. Italian explorer Eni signed its PSC for Block 1 with the Mexican government back in November.
Secretary Pedro Joaquin Coldwell said that the signing of the new contracts now formalizes the start of each company’s work program. SENER estimates production could be begin by 2018 and reach a peak of 55,000 b/d. Coldwell stated that the planned investment amounts to $2 billion for the duration of the projects.
Pan American and E&P Hidrocarburos y Servicios won Block 2, which includes the Hokchi field, covers some 40sq km. it boasts 2P reserves of 61MMbbl of light oil, and 29 Bcf of natural gas at 28m water depth.
Fieldwood Energy and Petrobal won Block 4, which covers some 58sq km. It comprises two fields: Ichalkil and Pokoch, with 2P reserves of 68 MMbbl of light oil, and 92 Bcf of natural gas, in 45m water.
Image: Pedro Joaquin Coldwell, courtesy of SENER.
Read more
Subscribe
