Pemex, Chevron and Inpex form consortium for deepwater auction

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Monday, November 28, 2016

The deepwater auction scheduled for December 5 will see Mexican state oil firm Pemex partner with Chevron and Japanese firm Inpex Corporation, according to the national hydrocarbons commission (CNH).

The deepwater auction will put four contract areas up for grabs in the Perdido belt and Salina basin in the Gulf of Mexico and is expected to attract investment of around US$44bn, according to energy ministry estimates.

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A total of 15 firms have signed up to participate in the auction, eight of which will participate individually and seven in consortiums.

The individual bidders are BHP Billiton, BP, China Offshore, Exxon, PC Carigali, Pemex, Statoil and Total, and the consortiums are Atlantic Rim and Shell; Chevron, Pemex and Inpex; Eni and Lukoil; Murphy and Ophir, PC Carigali and Sierra Oil; Statoil, BP and Total, and Total and Exxon.

The auction will also feature the Trión block, for which Pemex is seeking a private sector player to develop jointly.