Mexico’s state oil company Pemex reported that it has been awarded with a $646 million contract to the Mexican subsidiary of Weatherford International Ltd to drill 500 wells at the Chicontepec oil field. For full story, click here
Petroleos Mexicanos, the state-owned oil company, reported that crude oil reserves last year fell for the 10th straight year in a row. For full story, click here
Mexico’s state oil company Pemex plans to turn out 2.75Mb/d of crude in 2009, down from the 2.79Mb/d average recorded in 2008. Pemex E&P subsidiary PEP’s deputy director of planning and evaluation Vinicio Suro, stated: Continuing with our exploration goals, we hope to have discoveries that exceed 2Mboe. For full story, click here
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