Mexico
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area. -
The operator is planning for an FPU in the Gulf of Mexico field that is capable of producing 100,000 B/D of oil.
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Once heralded as a major achievement of Mexico's energy reforms designed to entice foreign investment, control of the Zama field has been in dispute for 2 years and is now likely to be decided by industry regulators.
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The Mexican state oil company believes it has found a new oil field on par with past billion-bbl finds.
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COVID-19 deaths at Mexico’s state-owned oil giant accelerated last month at the fastest pace since August amid a second wave of infections in the nation.
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ECA LNG will connect natural gas supply from Texas and the western US to Mexico and other countries across the Pacific Basin. First production from the project is expected in late 2024.
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The FPSO will be capable of processing 90,000 B/D of crude, 75 million ft3/D, 120,000 B/D of water injection, and a storage capacity of 900,000 bbl of crude oil. First oil is planned for 2021.
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A pilot project was initiated to classify oil and gas projects in Mexico using the United Nations Framework Classification.
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The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment.
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Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter.
