Pemex Starts Up Tajin Oil Complex to Process Chicontepec Oil, Gas

Mexico's state oil company Pemex started operations on Wednesday of its 470mn-peso (US$44.3mn) Tajin oil processing complex in Veracruz state, which will be supplied from the onshore Chicontepec oil and gas project, a presidential house spokesperson told BNamericas.

Tajin will initially process 20,000 barrels of crude a day and 20 million cubic feet of gas a day, according to the spokesperson.

Chicontepec has some 18 billion barrels of estimated crude reserves, which represent 40% of Mexico's total crude oil reserves.

The project covers 3,800 sq km in 12 municipalities of Veracruz and Puebla states and is expected to be producing 1 million barrels of crude a day and 1.5 billion cubic feet of gas a day within eight years.

Chicontepec will require investments of some 400bn pesos (US$37.7bn) to drill 20,000 wells and will help replace Cantarell's production, which is declining after 25 years of exploitation, the spokesperson added.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
 
Service Supervisor (Treater) - Bryan, TX
Expertise: Field Service Tech|Fracturing|Perforation
Location: Bryan, TX
 
PTS Operator
Expertise: Heavy Machinery Operator|Production Operator|Well Servicing & Testing
Location: Williston, ND
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours