Pemex to Launch Rig Tender November 23

Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion plans to launch an international tender on November 23 to contract offshore rigs for the Gulf of Mexico.

The tender is broken into five lots, all of which entail supplying one self-elevating rig and providing maintenance. Contract timeframes will run 730-1,095 days depending on lot.

Although reference prices were not provided, PEP director Carlos Morales Gil previously said drilling equipment contracted three years ago at US$50,000-60,000 per day now costs US$120,000-150,000 per day.

The first two lots are to supply cantilever-type rigs capable of operating in minimum depths of 250ft (76m) and drilling a minimum of 20,000ft.

The three other lots also are to supply cantilever-type rigs capable of operating at a minimum depth of 250ft or 200ft in the case of mat-supported platforms. The first rig must have the capacity to drill to a minimum of 21,500ft, and the latter two to a minimum of 20,000ft.

Bidding will take place under the purchase chapters of free trade agreements signed by Mexico. Offers are due January 18 and a decision is expected in February.

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