CFE ANNOUNCES THE BIDDING RESULTS OF THE COMBINED CYCLE POWER PLANT TOPOLOBAMPO III

The Federal Electricity Commission (CFE) announces the the Second Call for Bids result of the 45 Combined Cycle Power Plant (CC) Topolobampo III project. The awardee will be Iberdrola Generación México, S.A. de C.V., whose proposal guarantees the best technical and economic conditions for the CFE.

The plant will be located in the municipality of Ahome, Sinaloa. Its objective is to satisfy the growing demand for electric power in the West of the country.

The project consists of facilities development, design, construction, testing and commissioning of the plant, as well as the operation and maintenance. The estimated time for execution is 30 months.

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Strategy to Promote Public Private Partnerships

The Secretary of Finance and Public Credit, José Antonio Meade Kuribreña, presented the  Strategy to Promote Public Private Partnerships of the Mexican Government, involving 12 projects with a joint investment of MXN 22 billion. With this strategy, Mexico maintains and strengthens its development path.

He commented that the best way to get the country ahead in times of uncertainty is through investment, regardless of any trade agreement with the United States.

Go to the Strategy to Promote Public Private Partnerships (PPPs) site

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PEMEX AND BHP BILLITON SIGN THE LICENSE AGREEMENT FOR THE DEVELOPMENT OF THE DEEP-WATER TRION BLOCK

  • It is the first association for exploration and production farm out project carried out by Pemex.
  • Pemex continues aligning its operation with international best practices.

Petróleos Mexicanos and the Australian company BHP Billiton signed the license agreement for the development of the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto.

It is the first association for exploration and production farm out project that Pemex carries out in its history, taking advantage of the mechanisms and flexibility granted by the Energy Reform. The Trion Block, discovered by Pemex in 2012, has 3P total reserves for 485 million barrels of crude oil equivalent, so there is certainty about its commercial viability.

BHP Billiton is the largest oil company in the world, with more than 150 years of history and presence in 12 countries. It has successfully developed wells on the US side of the Gulf of Mexico and has one of the lowest accident rates in the industry.

Source: Petróleos Mexicanos /

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PEMEX ALONG WITH CHEVRON AND INPEX CONCLUDES DEEP WATERS CONTRACT IN THE GULF OF MEXICO

 

  • Pemex, in a consortium with Chevron and Inpex, presented the winning proposal for Contract Area 3 of Round 1.4, within the framework of the Energy Reform, on December 5.
  • This consortium won the contract through a competitive, open and under the strictest standards of transparency process.
  • The signing of this agreement is yet another step in the process of opening up the oil sector to the benefit of the country and is an example of the existing confidence in our Mexican oil industry: Pedro Joaquín Coldwell.
  • The consortium formed by Pemex, Chevron and Inpex, contemplates a Total Expected Investment of 2 billion dollars.

Today, on behalf of the Mexican State, the National Hydrocarbons Commission (CNH) signed the first contract obtained by the Productive Company of the State Petróleos Mexicanos (Pemex), through its subsidiary Pemex Exploration and Production, in joint participation with Inpex Corporation and Chevron Energía de México S. de RL de C.V. companies, in an open competition process, derived from the Energy Reform.

For the first time in its history Pemex won, in consortium with Chevron and Inpex, a contract in deep waters. This is Block 3 North of the Fourth Bidding Round 1, called Cinturón Plegado Perdido  (Perdido Fold Belt) in the Gulf of Mexico. This block covers an area of 1,687 square kilometers and is located in a water link between 500 and 1,800 meters.

It should be remembered that the consortium formed by Pemex, Chevron and Inpex, was the winning proposal by offering an additional royalty to the State of 7.0%.

The signing of the contract represents a historic event for being the first block awarded to Pemex in partnership during a competitive process following the Energy Reform approved in 2013.

Source: Secretaría de Energía / CNH

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