Pemex Launches Tender for 4 Cantarell Platforms

Dow Jones Newswires

MEXICO CITY (Dow Jones Newswires), October 14, 2008

State-run Petroleos Mexicanos has launched a tender to build four offshore oil platforms for the giant Cantarell field where the company hopes to stabilize production levels that have dropped by around a third over the past year.

In a statement Monday, Pemex said the four platforms will be used in the Akal section of the field for oil well repairs. Interested companies must deliver project proposals to Pemex between Nov. 5 and Nov. 14, depending on the platform.

Cantarell peaked in 2004 at nearly 2.2 million barrels a day, over 60% of Mexico's total production at the time. Now it barely produces a third of total production at under a million barrels a day.

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