Five Companies Buy Anegada-Labay Seismic Bidding Rules

Five firms have bought bidding rules for an international seismic study tender for the Golfo de Mexico Sur project that Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion (PEP) launched earlier this month.

The potential bidders are Compania Mexicana de Geofisica, Fugro Chance de Mexico, PGS Mexicana, Dowell Schlumberger de Mexico and Wavefield INSEIS AS, according to PEP question and answer meeting minutes.

Bidding rules will be available through May 9 and offers due May 15.

The winner will carry out the Anegada-Labay 3D surface seismic exploration study in a 15,082 sq km area offshore Veracruz state.

The high-resolution seismic data will help PEP define underground structural and stratigraphic characteristics to confirm possible hydrocarbons-bearing traps.

Pemex has budgeted an initial US$43.8mn for the study, which is due to begin in July and will take 483 days to complete.

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