Cobra Strikes Nejo E&P Contract, Euro Declared Void

Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion (PEP) has awarded Spain's Cobra an E&P works contract for the Nejo block in the Burgos basin.

The 10.2bn-peso (US$911mn) contract involves works related to the development, infrastructure and maintenance of non-associated gas fields, according to Mexico's federal procurement website Compranet.

Works are scheduled to begin in May and will be carried out over a period of 15 years.

Meanwhile, PEP declared the bidding process for a similar contract for the Euro block void. The tender for Monclava continues. These blocks also are in the Burgos basin.

Pemex did not immediately respond to a BNamericas request for information regarding the reason for declaring the Euro tender void or if bidding would be relaunched.

In 2006, Pemex produced an average of 5.36Bf3/d (152Mm3/d) of natural gas, up 11% from 2005, due in part to increased E&P and the optimization of production fields, principally the Burgos basin.

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