En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Mexico's Trion deep waters ready for BHP, expects to sign oil drilling contract this year

Angel Navarrete/Bloomberg

BHP gearing up to start drilling for oil in Mexico. BHP, Pemex formed JV to develop Trion field in Gulf of Mexico.

By Adams Williams

MEXICO CITY
Petroleumworld 10 03 2017

BHP Billiton Ltd. is getting closer to drilling its first oil wells in Mexico 's deep waters.

The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico 's Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the second half of 2018, Steve Pastor , BHP's petroleum president, said Monday in an interview in Mexico City . Trion, which Pemex estimates to hold the equivalent of 485 million barrels of crude, could become one of the Gulf's largest oil-producing areas, he said.

"There are four locations that we've identified already as having exploration potential," Pastor said. "It's a big block that has a number of follow-on exploration opportunities across the rest of the block. Big fields tend to get bigger with time."

BHP is in talks with several international and Mexican contractors about providing the drilling rig and expects to announce a winner before the end of this year, he said.

The company has also qualified to bid in Mexico 's Jan. 31 crude auction for 29 deep-water areas and a joint venture with Pemex at its Nobilis-Maximino field. BHP is looking "very closely" at the geologic formations in Nobilis-Maximino, Pastor said.

BHP also sees development opportunities in Mexico in the "minerals and mining sectors, particularly in terms of copper," Pastor said, adding that talks "are not all that advanced" at this stage.

The country is keeping an eye on Mexico 's 2018 presidential race and feels the country's energy overhaul will proceed regardless of who is elected next June, Pastor said.

"The direction that Mexico is taking has been tremendously positive, and I hope it will continue, he said. "I firmly believe that whoever wins will support the progression of the reform."



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

Write to editor@petroleumworld.com

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

Any question or suggestions,
please write to: editor@petroleumworld.com

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


Nov 13-14 ;
Mexico City, Mexico

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

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: http://www.law.cornell.edu/uscode/17/107.shtml. 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.