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Post by
peterap2001on Jun 28, 2011 3:20pm
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Post# 18775528
Pemex Tabasco
Pemex TabascoRelated to "GHU Executive Summary" that showed up on the website recently...
Article is from March '11
https://gcaptain.com/pemex-ceo-gulf-mexico-tenders?22632
"Pemex earlier this month launched its new incentive-based contracts in a bid to diversify its projects and increase crude-oil production levels.
The incentive-based contracts are designed to give outside companies greater flexibility than Pemex’s standard services contracts, which aren’t attractive for oil majors that prefer risk contracts, especially in places like the deep waters of the Gulf. Mexico’s constitution prohibits oil or gas concessions for private or foreign companies.
The first tenders under the flexible contracts will be for six mature fields in southeastern Tabasco state that are either currently producing little oil or have been abandoned altogether. Pemex expects the offer to attract relatively small companies that are specialists in squeezing more oil out of mature fields. The company will name the winners of the onshore tender in August. Companies will have a year to present their development plan and are expected to start drilling in late 2012, Suarez said."