Pemex to Spend $250MM on 3 Gulf Drilling Rig Contracts

According to a report issued by Dow Jones Newswires, Pemex stated that it will spend $249.7 million on three offshore drilling rig contracts. The contracts are for operations in the shallow waters of the Gulf of Mexico, where Pemex outputs about 80% of its production.

Pemex awarded Mexdrill, a Mexican oil services company, contracts for the Ocean Summit and Ocean Nugget, two independent leg cantilever jackup rigs, for a combined total of $188.6 million. The third drilling rig contract, valued at $61.1 million, was awarded to a Mexican unit of Nabors Industries Ltd. for the MASE 803, a diesel-electric rig.

The report noted that Pemex canceled an additional rig tender because offers received by the company did not meet the technical requirements.

In line with its extensive plans to boost declining production above 3 million barrels a day by 2015, Pemex announced on Tuesday a 170-well tender for the Chicontepec oil region, which the company intends to agressively develop as part of its current E&P strategy.


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