Mexican Alfa Tie-up with Pemex for Onshore Exploration

Posted by Joseph R. Fonseca
Saturday, August 23, 2014


Mexican conglomerate Alfa He is interested in participating in association with the state oil company Pemex Exploration Projects in fields on earth, aunque también hacerlo the rule in shallow waters, dijo el viernes el director de Energía the company, Raul Millares.

Pemex announced last week that he will seek partners in three mature onshore fields that together contain 2P reserves (proven and probable) for about 250 million barrels of oil equivalent (MMboe).

The state said it will too for extra heavy oil fields in shallow waters Ayatsil-Tekel-Utsil in the southern Gulf of Mexico, with 2P reserves of 747 MMboe.

"We have more preference or vocation to be more exploration in land, which is called 'onshore', we believe there are no plans to revise interest (...) but do not rule out other areas particularly on the issue of shallow water that requires another type of specialty, another kind of experience, "Millares said.

Seeking partnerships with private firms announced by Pemex, which involves 10 projects total, came after the Energy Department announced last assigned to the fields in the oil called Round Zero, derived from the major energy reform week held in Mexico in over 70 years.

Alfa already working with Pemex in so-called "incentive contracts", a small opening of the oil sector to private capital product of energy reform in 2008, in two areas: San Andrés y Tierra Blanca, in the state of Veracruz, bordering the Gulf of Mexico, awarded in 2012.

These two contracts will be migrated to one of the most attractive types of contracts approved energy reform: utility and shared production and licensing, in addition to the service.


Alfa added that participate in Round One of invitations to tender for areas of unconventional hydrocarbons, where he has extensive experience in operations shale gas and shale oil (shale) in the South Texas Eagle Ford formations and Edwards Trend.

"It's definitely an area that is familiar to us," Millares said in an interview with Reuters.

"You have to understand the geological information that will be available to review these opportunities in the area of ​​what is called Tampico-Misantla" he added.

The Energy Department proposed blocks of 120 square kilometers (km2) in the Tampico-Misantla Basin unconventional for Round One and they have estimated about 8,927 mmboe prospective resources.

Besides opening in the oil sector, the reform opened the entire electricity sector to private investment and seeks to increase the production of renewable energy.

The executive added that Alfa plans to achieve generation capacity between 1,000 to 1,200 megawatts (MW) of electricity in cogeneration projects in five years and the company is also looking to renewable geothermal and wind generation in the short term.

"We believe that Mexico is an area where there is much chance of geothermal, we like", Millares said. 

(Reporting by Adriana Barrera and David Alire, editing by Ana Isabel Martinez)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Tidal Energy from Deep and Slow Waters

Deep Green, an underwater kite construction from the Swedish company Minesto, is set to be deployed in 2017 at the Holyhead Deep site off the coast of Anglesey, Wales.

Philippines Takes South China Sea Claim to Hague

Could bolster claims by other countries against China; China boycotting proceedings, rejects court's authority. The Philippines asked global judges on Tuesday

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.


Fincantieri Launches Nuclear Waste Vessel for Russia

New semisubmersible floating platform will be used to transport special material decommissioned by the Russian Navy    Itarus, the new semisubmersible floating

Port of Bronka Prepares for Opening

Technical plant and equipment installation for the first stage of Bronka’s port facilities is now complete with the Liebherr LHM 800 mobile port crane installed at the end of September,

Vesper Marine Debuts New AIS Transponder

Marine safety products manufacturer Vesper Marine has released a new Class B Automatic Identification System (AIS), the XB-6000. The black box transponder includes

Mergers & Acquisitions

CMA CGM to Acquire Neptune Orient

France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd (NOL), the shipping company and its Singapore’s Temasek Holdings Ltd., its largest shareholder, said.

Obama Urges Halt to Artificial Islands in S.China Sea

U.S. President Barack Obama said on Saturday that countries should stop building artificial islands and militarising their claims in the disputed South China Sea.

CMA CGM in Talks to Buy NOL

CMA CGM confirms that it has entered into exclusive discussions with Neptune Orient Lines Limited (NOL) and Lentor Investments Pte. Ltd. (a wholly-owned subsidiary

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0789 sec (13 req/sec)