Mexico
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The Mexican state oil company’s increased spending plan is designed to turn around flagging oil production. -
New find could hold up to 200 million BOE in place.
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The wells that were taken off line as a result of the blaze had been producing 421,000 B/D of oil.
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The complete paper provides tools useful for decision-makers to prevent adverse pipeline incidents caused by human action, poor facility performance, accidents, emergencies, and external events.
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The move is part of a larger reset, cutting the operator’s international exposure
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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.
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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.
