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Mexican state oil company Pemex plans tenders to revamp southern oil fields
AP
VERACRUZ, Mexico
Petroleumworld.com 06 29 07
Mexican state oil company Petroleos Mexicanos is putting together a tender package for drilling and oil field services in its southern region, an area hit with declining output, company officials said Thursday.The plan is part of a strategy by Pemex to increase output at more expensive oil fields to halt the country's waning production. Mexico's total daily output has fallen by some 200,000 barrels since 2005, averaging 3.15 million barrels a day in the first five months of this year.
"We're putting together the framework for a tender for those mature fields in the south region," said Carlos Morales Gil, head of exploration and production for Pemex.
He said the tender should be ready before the end of the year.
Oil production in Mexico's southern region fell to about 470,000 barrels a day in May, down from 550,000 barrels a day in 2000, according to company figures. Most fields in this area are more than 30 years old.
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Felipe de la Vega Mendoza, a Pemex oil field productivity manager for the region, said the tender will include drilling new wells and improving recovery rates by implementing technologies to limit the amount of sand and water coming out of the reservoirs.
AP 28 06 07
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