Pemex Launches Burgos Well Drill, Completion Tender
Mexican state oil company Pemex's E&P unit Pemex Exploracion y Produccion launched an international tender on Thursday to drill and complete wells in the Burgos basin.
Pemex has budgeted US$108mn for the first year of works, which are slated to begin in January and take three years to complete, according to bidding rules. Works include complementary infrastructure.
A site visit is scheduled for September 29 and offers are due October 26.
Bidding will take place under the purchase chapters of free trade agreements signed by Mexico.
Burgos output hit a record 1.34 billion cubic feet a day (Bf3/d; 38 million cubic meters) in July, while production at the basin is expected to reach nearly 2Bf3/d in 2011.
The basin covers 50,000 sq km in the states of Tamaulipas and Nuevo Leon.
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