Mexico Approves Major Shell, Pemex Offshore Projects

The Mexican hydrocarbons commission (CNH) approved a spate of oil operations on Wednesday that included a pair of costly offshore plans by the country’s state-owned firm Pemex and global oil giant Shell. Shell put forth an ambitious plan for an exploratory well – Chibu-1EXP- in ultra-deep waters, located in the CNH-RO2-LO4-AP-CS-GO1/2018 assignment that the firm...
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Mexico Confirms Deepwater Reserves Go to Private Sector

The federal government will cede the business of exploration and oil production in deepwater reserves to the private sector, presidential chief of staff Alfonso Romo said on Monday. Romo’s remark, made at a business summit in Mexico City, confirms a report published in the Financial Times in late August that said that President López Obrador...
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E&P Growth Opportunities Abound in Deepwater Americas

The deepwater basins of the Americas have been among the most active and successful with discovered resources to date of over 100 Bboe. Some of the world’s most prolific hydrocarbon basins are located along the Americas margins. Considerable undiscovered potential remains, and prospects can be multi-billion barrels of oil in size. Of particular focus here are the...
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Deepwater’s Latin America Comeback

Latin America is the hotspot for deepwater project and exploration activity. As more top companies take a risk on exploration plays in the region, what challenges lie ahead? Deepwater is making a comeback. Latin America has been at the centre of the revival, boasting 40% of the world’s deepwater reserves and some of the strongest...
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Exxon Mobil, Repsol Partner on Colombia Exploration

Spanish energy firm Repsol and Exxon Mobil are partnering to continue exploring for oil and gas off the coast of Colombia. The announcement comes about a week after Colombia said Houston’s Noble Energy and Royal Dutch Shell would lead exploration efforts in other deepwater blocks as Colombia hopes to revitalize its languishing oil sector. In the...
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Pemex 2019 Upstream Plans Announced

Pemex will triple the number of wells it drills in 2019 compared to 2018 to raise production by 300,000 bopd by 2022, company general director Octavio Romero Oropeza said during a news conference on Monday. The NOC’s plans include a total of 506 wells in 20 fields and 13 platforms for 16 shallow-water projects. In...
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