International Frontier Resources Corporation has announced that in partnership with Mexican petrochemical leader Grupo IDESA, Tonalli Energia has spudded its first evaluation well, TEC-10, at its onshore Tecolutla block.
The independent international heavy oil technology company has concluded an agreement to form a new Joint Venture in Mexico, to advance the commercialisation of its VHTL upgrading technology in the country.
In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P and Premier Oil. In all three blocks, the affiliate of the German E&P company DEA, Deutsche Erdoel Mexico will be the operator.
Petróleos Mexicanos and Lewis Energy México signed the first Integrated Exploration and Extraction Contract (CSIEE) for the Olmos field, which is located in the state of Coahuila. The purpose is to assess and develop the Eagle Ford field in Mexico.
International Frontier Resources Corporation has provided a drilling update on its onshore oil and gas block Tecolutla, and its Mexican joint venture, Tonalli Energia, a 50-50 joint venture with Mexican petrochemical leader Grupo IDESA.
TGS announces that it has obtained commercial authorisation from the Mexican regulator, Comisión Nacional de Hidrocarburos (CNH), to process its entire library of more than 30 000 wells in Mexico.
Both of these licences are located in the Ridges basin, which features a proven hydrocarbon system and material prospectivity.
On 31 January, Shell acquired nine exploration blocks for the Mexican Gulf of Mexico in the deepwater bid round.
Petrofac has announced that it has completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).