Pemex Issues Contracts for 4 Jackups

In an effort to boost exploration in the Gulf of Mexico, Pemex has contracted four jackups for a consideration of $492 million. The rig tender, 18575055-018-08, sought jackups to perform drilling, completion, maintenance and repair work at the Aluxes, Sinan and Bolontiku fields.

After the receipt of eight proposals, Pemex issued the following contract awards:

  • The tender for a jackup rig rated for at least 350 feet of water and capable of drilling 25,000 feet deep was awarded to the Rowan Gorilla IV jackup. In a $124.8 million contract, the work is scheduled to span 785 day starting on April 30, 2009.
  • In the tender for a jackup capable of working in 250 feet of water and drilling to a depth of 20,000 feet, the contract was awarded to the Delta Queen jackup. Worth $109.6 million, the contract is for 776 days starting on August 3, 2009.
  • In regard for the tender for two rigs capable of drilling in 250 feet of water and to a depth of 20,000 feet, Ensco was awarded the contract. The Ensco 90 and Ensco 98 jackups have been contracted for a combined consideration of $257.6 million.

Additionally, there was a semisub tender, which attracted only one bidder. The contract was not awarded on this tender.

Mexico's state-owned company, Pemex, is expected to increase investments in exploration and production to fortify waning production levels.