Pemex Publishes Burgos E&P Bidding Rules
Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion (PEP) has published bidding rules for three E&P natural gas contracts in the Burgos basin on federal procurement website Compranet.
The international tenders are for the Nejo, Monclova and Euro blocks and entail works related to the development, infrastructure and maintenance of non-associated gas fields.
Deadlines for purchasing rules for Nejo, Monclova and Euro are October 18, November 1 and November 8, respectively, with offers due October 24, November 7 and November 14.
Works for all three contracts are slated to begin in January 2007 and will take place in Tamaulipas state. The contracts will run for 15 years.
The works total nearly US$2bn and aim to increase natural gas production by 200 million cubic feet day (Mf3/d; 5.66 million cubic meters a day), Pemex CEO Luis Ramírez Corzo said earlier this month.
Burgos output hit a record 1.34 billion cubic feet a day (Bf3/d) in July, while production at the basin is expected to reach almost 2Bf3/d in 2011.
Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Mexican Driller Latina Is Said to Bid for Pemex Contract (Jan 17)
- Mexico Fuel Sellers Said to Seek Pemex Alternative (Jan 11)
- AMLO Earmarks $23B to Boost National Oil Industry (Dec 17)