Three Interested in Pemex Marine Well Evaluations

Three companies attended the question-and-answer session hosted by Mexican state oil company Pemex's E&P unit (PEP) for the tender to evaluate production wells in marine locations offshore Campeche city, according to bidding documents on federal procurement website Compranet.

The companies include the Mexican divisions of multinational oil services providers Halliburton (NYSE: HAL), Baker Hughes (NYSE: BHI) and Dowell Schlumberger.

Works are designed to obtain pressure, temperature and production data characteristics plus identify geological formations of various fields and determine their permeability, borders and type of deposits, among other things, in order to quantify reserves and optimize marine output.

The final objective of the data interpretation is to define a strategy to recover oil and gas in a less costly and more efficient manner.

PEP has scheduled a second meeting for September 12 to clarify project questions.

Bids will be received on September 24. Works are due to begin on November 23 and run two years.

Some 1.02mn pesos (US$92,095) and US$2.53mn have been budgeted for the works through end-2007.

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