Pemex Plans to Resume MSC Burgos Bidding in May

Burgos Basin, Mexico
(Click to Enlarge)
Mexico's state oil company Pemex plans to resume bidding in May for multiple service contracts (MSC) for natural gas exploration in the Burgos basin, a Pemex spokesperson told BNamericas.

The contracts would allow Pemex to produce up to 2 billion feet a day of natural gas in the short term, the spokesperson said.

The state company temporarily suspended bidding in June 2005 due to legal problems as some lawmakers alleged the MSCs were unconstitutional. However, Pemex has won all lawsuits related to the legality of the MSCs.

Pemex plans to launch new MSC tenders for natural gas exploration in Veracruz state in the coming months, said the official, adding the company is analyzing the possibility of using MSCs for deepwater exploration works.

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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours