Tonalli Energia's onshore Tecolutla plan gets green light
Mexico's hydrocarbons commission (CNH) has approved Tonalli Energia's evaluation plan and scheduled work program for its onshore Tecolutla block 24, which it was awarded in a December 2015 auction.
"After many months of effort by our Mexican and Canadian team, we now await final approval of our drilling permit and have a clear path to spudding our first well and performing workovers," Steve Hanson, president and CEO of Tonalli's parent company, Calgary-based, TSX-listed International Frontier Resources (IFR), said in a release.
In an interview with BNamericas in January, Hanson said 2017 would be "a milestone year" for oil and gas in Mexico.
IFR is developing petroleum and natural gas assets in Mexico through its Mexican subsidiary, Petro Frontera.
Tecolutla, located in Veracruz state, was acquired through a 50/50 JV with Mexican petrochemical company Grupo Idesa, a block that was previously under development by Mexico's state oil company Pemex.
The map shows the blocks awarded in the December 2015 auction, the third of Round Two.
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