There are 23 firms that have already paid the US$440,000 cost of accessing seismic data from the 15 fields of the Quetzalcoatl Belt and the Salto Isthmus off the coasts of Veracruz, Tabasco, and Campeche.
The National Hydrocarbons Commission (CNH) denied Canada’s Renaissance Oil ‘force majeure’ request for the Pontón field on the grounds of environmental damage. The agency said the company lacked a base-line study that proved the damage was caused by Pemex.
The National Center for Natural Gas Control (Cenagas) awarded only 29% of the pipeline capacity for natural gas transportation on offer.
Mexico is looking for large investments and wants to increase its oil production as soon as possible. To achieve this, the Secretary of Energy (SENER) is considering increasing the number of blocks in subsequentrounds, according to a report in El Financiero.
As well, SENER would redesign the auctions based on the Bureau Ocean Energy Management (BOEM) model.
Renaissance Oil Corp. (TSX-V: ROE) announced the acquisition of the 25% working interest (WI) in the integrated E&P contract for the Amatitlán Block in Veracruz, according to a press release. The corporation joins Lukoil (50% WI) and Marak Capital (25% WI).
Craig Steinke, CEO of Renaissance, said that this agreement is a great opportunity for the companies involved due to their huge expertise.
The National Center for Natural Gas Control (Cenegas) will tender two gas pipelines projects. This is the first time that this agency will go to an auction.. Cenegas wants to increase the national network with this action.
Companies interested in acquiring transportation and storage capacity in Pemex’s system in Baja California and Sonora will be able to send their economic and technical proposals to the NOC in the first open season that will take place in Mexico.