Chicontepec drilling tender draws initial 15 firms

Friday, December 19, 2008

A total of 15 firms purchased bidding rules for the international tender launched by Mexican state oil firm Pemex's E&P subsidiary PEP to drill 500 development wells in the Chicontepec field in Puebla and Veracruz states, according to federal procurement website Compranet.

Works will be focused on the 11A Agua Fría-Coapechaca Tajín, 11D Amatitlán-Profeta-Tzapotempa-Vinazco, 11H Coyula-Japeto, 11I Humapa-Bornita and 11G Área 5 projects located in Chicontepec.

Firms that purchased bidding rules as of the first project meeting were: Andrews Technologies de México; D & S Petroleum; Industrial Perforadora de Campeche; JPT Consulting and Services; Nabors Perforaciones de México; Servicios Integrales GSM; BJ Services Company Mexicana; Dowell Schlumberger de México; Halliburton de México; Baker Hughes de México; Grupo Administrador de Recursos Organizacionales; Constructora y Perforadora Latina; Servicios Petrotec; MI Drilling Fluids de México; and Perforaciones Marítimas Mexicanas.

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Pemex has scheduled a second meeting for the project - dubbed Aceite Terciario del Golfo (Paquete III) - on December 26.

Bidding rules are available through January 14, with bids due on January 20.

Works are scheduled to start on April 1 and run 1,187 days. Pemex has allotted US$137mn for the works in the first budgetary year.

The tender number is 18575051-044-08.

Chicontepec holds 39% of total possible hydrocarbons reserves in the country, or 17.7Bboe. However, due to complex geology some 1,000 wells will need to be drilled annually in Chicontepec over the next 15 years.

By comparison, Pemex has drilled an annual 675 wells over the past five years in all of its basins.

PEP will drill 1,411 wells in Chicontepec in 2010 - the highest annual level planned through 2017 - and more than 1,200 wells from 2011 onward, BNamericas previously reported.