Oilfield Service Majors Eye Gas Project in Mexico's Burgos Basin

Burgos Basin, Mexico
(Click to Enlarge)

Pemex confirmed Wednesday that oilfield service majors Weatherford, Halliburton and Schlumberger have submitted proposals to secure a natural gas drilling contract in Mexico's Burgos Basin.

State-run Pemex is hoping to increase its natural gas output in the Burgos region, which pumped 22% of Mexico's gas in May, according to Dow Jones Newswires.

Additionally, two Mexican companies, Industrial Perforadoa de Campeche and CCC Fabricantes y Construcciones, have submitted proposals for the three-year contract reportedly scheduled to commence in mid-August.

In an effort to reverse a steady decline in oil production and to expand natural gas output, Mexico has boosted its oil investments for 2009 by ramping up capital expenditures by 10% to some $20 billion, reports Dow Jones.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Engineer
Expertise: Field Service Tech
Location: Austin, TX
US El Reno: Entry Level Engineer - Cased Hole
Expertise: Wireline
Location: El Reno, OK
US El Reno: Entry Level Operator Assistant I - Logging and Perf
Expertise: QA / QC / Inspection|Well Control|Wireline
Location: El Reno, OK
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours