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
