Pemex to Acquire Offshore Platforms in Gulf of Mexico

23 June 2011 (Last Updated June 23rd, 2011 18:30)

Petroleos Mexicanos (Pemex) is to acquire eight offshore oil platforms worth more than $1.2bn in the southern Gulf of Mexico. The company will use the rigs for the drilling, termination, maintenance and repair of wells as part of its programme to maintain crude oil output at its two bi

Petroleos Mexicanos (Pemex) is to acquire eight offshore oil platforms worth more than $1.2bn in the southern Gulf of Mexico.

The company will use the rigs for the drilling, termination, maintenance and repair of wells as part of its programme to maintain crude oil output at its two biggest oil complexes in the Gulf: the mature Cantarell fields and the nearby Ku-Maloob-Zaap (KMZ).

Five platforms will be used for the KMZ production site, which produced 845,000 barrels a day during the first five months of 2011.

Pemex will also use two Cantarell platforms, which produced 465,000 barrels a day in the January-to-May period this year.

A Pemex exploration and production committee has approved a tender, which will be officially published in July on receiving approval from the board of directors.

The platform leasing programme will complete in 2016.