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Key oil and gas projects of the Peña Nieto administration (2014-2018)

05.09.2014 / GT Mexico City, Nicolas Borda, Partner in charge of Mexican Energy Practice

Nicolas Borda, Partner Greenberg Traurig

Nicolas Borda, partner at Greenberg Traurig Mexico, details the main investment programs regarding the exploration and production of hydrocarbons in Mexico, that have been ongoing or will come online during President Peña Nieto’s first term in office.

 

1. Cantarell. It is located in shallow waters of the state of Campeche, and contemplates drilling activities, major and minor wells interventions, pressure maintenance by nitrogen injection and sour gas, construction of infrastructure to use gas, crude oil dehydration. The approximated investment is US$17.937 billion from 2013 to 2018.

2. Ku – Maloob – Zaap. It is located in shallow waters of the state of Campeche, and consists in the operation and maintenance of operating wells, drilling of development wells, and construction of supplementary infrastructure for the management of production of new fields. The approximated investment is US$19.072 billion from 2013 to 2018.

3. Burgos. States of Tamaulipas, Nuevo Leon and Coahuila. This project involves an exploration plan aimed to increase gas reserves. As for production, its activity is focused on the operation and maintenance of producing wells, drilling of development wells, pipeline construction, and major interventions; as well as the improvement of the associated infrastructure. The approximated investment is US$3.913 billion from 2013 to 2018.

4. Chuc. Located in the States of Tabasco and Campeche, this project focuses on the operation and maintenance of producing wells, drilling of development wells, implementation of artificial systems, construction and modernization of infrastructure and the implementation of an enhanced recovery system. The approximated investment is US$7.768 billion from 2013 to 2018.

5. Antonio J. Bermúdez. This is an operation and maintenance project for producing wells, implementation of an electro-centrifugal pumping system, drilling of development wells and construction of transportation infrastructure. The amount of investment is approximately US$7.768 billion, which was started in 2002 and will conclude in 2032.

6. Tsimin-Xux. Located in the States of Tabasco and Campeche, this project consists on drilling development wells, recovery of exploratory wells; and the construction of the necessary infrastructure for the management of production. The approximated investment is US$ 7.902 billion from 2013 to 2018.

7. Crudo Ligero Marino. Located in the States of Tabasco and Campeche, this project relates to the operation and maintenance of producing wells, drilling of development wells, implementation of artificial systems, construction and modernization of infrastructure and the implementation of an enhanced recovery system. The approximated investment is US$5,352 billion from 2014 to 2018.

8. Bellota-Chinchorro. This project involves drilling and workovers of wells and optimization of existing infrastructure. Develop the Bricol and Madrefil fields and other areas not yet drained. The project has a duration range from 2002 to 2036; also, the investment is US$3.034 billion.

9. Ek-Balam. Consisting on the operation and maintenance of producing wells, drilling of

development wells, pressure maintenance through water injection; and the construction of platforms and transportation lines. The approximated investment is US$2.748 billion from 2002 to 2018.

10. Yaxche. Located in the States of Tabasco and Campeche, this project focuses on the operation and maintenance of producing wells, drilling of development wells, construction of marine structures and oil and gas pipelines. The approximated investment is US$3.859 billion from 2013 to 2018.

11. Aceite Terciario del Golfo. Located in the States of Puebla and Veracruz, this project involves the maintenance of producing wells, drilling of development wells and the construction of infrastructure for the handling and transportation of the production, according to the level of knowledge and development of each of the fields. The approximated investment is US$6.005 billion from 2013 to 2018.

12. Perdido Area. Located in Tamaulipas. The implementation of this project seeks to drill exploratory opportunities to increase the hydrocarbons reserves recovery rate through the discovery of new fields in deep-water Gulf of Mexico. The project has a duration range from 2013 to 2017; and the investment is US$4.982 billion.

13. Campeche Oriente. Located in Campeche. This project involves the drilling of exploratory wells and 3D seismic studies. This project will be completed in 2016 and its approximated investment is US$.471 billion

14. Chalabil. Located in the States of Tabasco and Campeche, this project includes the drilling of exploratory locations to increase the hydrocarbons reserves recovery rate through the discovery of new fields. The implementation period is from 2013 to 2017 and its approximated investment is US $3.261 billion.


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(Source: Greenberg Traurig LLP)

GT Mexico City, Nicolas Borda, Partner in charge of Mexican Energy Practice, bordan@gtlaw.com


 

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