UPDATE: Petrofac set for another contract win in Mexico
Oil services specialist Petrofac (LON:PFC) and partner
Schlumberger are set to develop four onshore fields in Mexico.
The pair were declared the selected bidder for the Pánuco
integrated production service contract where PEMEX is operating the
The contract runs for 30 years and Petrofac will be the
lead operator, it emerged.
The contract area was discovered in early 1900s with original
oil in place of around 6.8bn barrels. The fields have around 1,600
wells of which around 200 are currently producing a total of 1,500
barrels of oil per day.
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Source - http://www.proactiveinvestors.co.uk/