Pemex Awards Platform-Upgrade Contract to Diavaz

MEXICO CITY (Dow Jones Newswires), Aug. 5, 2009

Mexican state-owned oil monopoly Petroleos Mexicanos, or Pemex, said it awarded a $43.8 million contract to local company Constructora Subacuatica Diavaz to upgrade a production platform in the Gulf of Mexico.

Pemex said Tuesday the contract is for 137.6 million pesos and $33.3 million, with work to be carried out within nine months. Diavaz presented the best technical and economic bid for the contract, Pemex said.

The platform to be upgraded produced 24,500 barrels a day of crude oil in June.

Pemex is aiming to invest $20 billion this year in exploration and production as it seeks to contain a decline in crude output.

Pemex recently cut its 2009 crude production goal to 2.65 million barrels a day from 2.7 million barrels a day.

Production averaged 2.63 million barrels a day in the first half of the year, with June output at 2.52 million as maintenance on a floating production storage and offloading vessel shut in around 40,000 barrels a day.  

Copyright (c) 2009 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Shop Mechanic - Grand Prairie, TX
Expertise: Customer Service|Mechanic
Location: Grand Prairie, TX, TX
Diesel Mechanic for Williston, ND!
Expertise: Mechanic
Location: Williston, ND
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours