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Consorcio Iberoamericana de Hidrocarburos, S.A. de C.V. - Servicios PJP4 de México, S.A. de C.V.

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Description

The consortium made up of oil and gas exploration and production company Iberoamericana de Hidrocarburos, S.A. de C.V. (IHSA), and oil and gas solutions provider Servicios PJP4 de México, S.A. de C.V. (PJP4), both Mexican firms engaged in the development and maintenance of oil and gas wells, was awarded a contract for the operation of Area 1 and blocks BG 01 and BG 04 in 2017. The three blocks are located within the Burgos basin spanning areas of 360km2, 99km2, and 199km2, respectively. The contracts are for a period of 30 years ending in 2047. The operator of the blocks will be Iberoamericana de Hidrocarburos CQ, Exploración & Producción de México, S.A. de C.V.

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