Pegasus International Wins Pemex FEED Contract

Pegasus International has been awarded a major FEED contract for three drilling / production platforms in El Activo Litoral Tabasco, Bay of Campeche, Mexico, for SIDOE-PEMEX. The platforms will be located in water depths of approximately 100 feet. As part of the FEED studies, Pegasus will look at various configuration options for the deck and jacket, in order to minimize weight and installation costs. Each platform will be designed to have 12 oil production wells, production test equipment, and a platform mounted drilling rig.

Pegasus' scope of work for the FEED Contract includes Pile Design; Structural Design; Process Facilities Design; Electrical and Instrumentation Design, including Telecommunications, Controls, and Safety Shutdown Systems; SCADA; Auxiliary Services Design; and HAZOP.

Mr. Dane Escott, CEO of Pegasus, noted "The award of this contract represents an important step for our strategic growth in that region. This is an opportunity to showcase our multi-discipline capabilities as well as project management expertise."