Pemex Seeks Comapnies to Interpret Burgos Well Data
Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion (PEP) has launched an international tender to collect, process and interpret the geological and geophysical characteristics of oil wells in the Burgos basin.
PEP will use the information to determine well formation porosity, density, temperature and water saturation, among other parameters, according to bidding rules.
The data will allow PEP to evaluate production potential and optimize exploration. The winner of the contract will have to set up an operations base in or near the city of Reynosa, Tamaulipas state. Work is slated to begin in January and will take close to three years. Pemex has budgeted US$22.7mn for the first year of works.
Potential bidders may buy rules until November 22 with offers due November 28.
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