Pemex Extends Burgos E&P Bidding to February

Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion (PEP) has extended to February the deadline to bid on three E&P natural gas contracts in the Burgos basin.

The international tenders are for the Nejo, Monclova and Euro blocks and entail works related to the development, infrastructure and maintenance of non-associated gas fields.

Offers for Nejo, Monclova and Euro now are due February 13, 20 and 27, respectively, versus previous deadlines of January 9, 16 and 23, PEP said in a statement. Some two dozen groups have purchased bidding rules for the different contracts.

Works for all three 15-year contracts are slated to begin in April instead of March and will take place in Tamaulipas state.

The works total nearly US$2bn and aim to increase natural gas production by 200Mf3/d (5.7Mm3/d). Burgos output hit a record 1.34Bf3/d in July, while output from the basin is expected to reach almost 2Bf3/d in 2011.

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