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.

ROUND ONE

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)


Energy

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

News

US Navy Ships Conduct Astern Replenishment-at-sea

“While replenishments-at-sea are routine, astern refueling is unique and requires precise navigation and coordination,” said Lt. Cmdr. Jason Ileto, fleet replenishment scheduler for Commander,

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Another Hurdle for The Ocean Alliance

Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties.

Mergers & Acquisitions

Baltic Exchange Board Backs SGX Bid

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd , a deal that will give SGX access to a trading platform for the multi-billion

State to Take Reins of Alaska LNG Project

Alaska Gasline Development Corp. President Keith Meyer says the Big 3 oil companies are cooperating with the state’s desire to take full ownership of the AK LNG Project.

DP World H1 Profit Soars on Acquisitions

DP World, one of the world's largest port operators, reported a 50 percent leap in net profit for the first half of this year on Thursday, helped by the acquisitions

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Salvage Ship Electronics Ship Simulators 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: 0.0887 sec (11 req/sec)