Very usefull links


News links




Dow Jones

Oil price



Views and News





CERAWeek: Mexico's deepwater Trion project partners weigh FPSO



By Marianna Parraga

Petroleumworld 03 07 2018

Developers behind Mexico's flagship deepwater oil venture Trion are considering using a floating facility to handle production from the massive field in the Gulf, the companies said on Tuesday.

The decision would allow output from the Pemex and BHP Billiton project to be offloaded to tankers, instead of transporting it via pipelines to the United States. A floating production storage and offloading facility (FPSO) could be more expensive, but offers greater flexibility in export destinations.

“This field appears to be well-suited for an FPSO,” Steve Pastor, president of operations for BHP Billiton, told a news conference at the CERAWeek energy conference on Tuesday. A FPSO would allow the project to be more efficient, he added.

The $11 billion Trion, a joint venture signed a year ago after BHP won an auction to become Pemex's partner and the project's operator, is near the U.S. border, where companies have developed vast pipeline networks. It is estimated to contain reserves of about 500 million barrels of oil.

“We all appreciate that there are significant resources near Trion,” Pastor added, referring to existing pipelines on the U.S. side of the Gulf with spare capacity.

There has been no final investment decision on the project signed between the partners. An exploration plan was approved only this month by Mexico's regulator, said Carlos Trevino, Pemex's CEO.

Mexico last year said the United States could become one the markets for Trion's oil output, but Pastor said nothing is yet agreed upon.

The executive added that Trion is trying to speed up processes and contracts to turn into Mexico's first productive deepwater project. A date for early production has not been set.

A drilling vessel was recently contracted from offshore oil service firm Transocean Ltd under a two-year agreement, BHP said. The company also opened an office in Tampico, in the southeastern part of the state of Tamaulipas, for its land operations.


Story by Marianna Parraga from Reuters. /
03 06 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels





Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.