Project Profile
Value: -
Location: North eastern Mexico
Start-up Year: -
Upstream condensate reserves: -
Peak production (per annum): 1.34 billion cubic feet (Bf3)
Water Depth: -
Upstream Gas Reserves: -
The Burgos basin is located in Mexico’s dry, but economically important northern desert region.
The Burgos Basin in northeastern Mexico contains numerous opportunities for natural gas resource development. By mid-2003, PEMEX, Mexico’s state oil and gas company, is proposing to offer for bid a number of blocks with 3 to 5 Tcf of total gas potential to International Oil Companies (IOCs). Successful bidders for these newly-developed Multiple Services Contracts (MSCs) will have the opportunity to lock in attractive investment returns for up to twenty years by finding, developing and producing gas as service contractors.
Operators:
Pemex: Operator with 100% interest
Contractors:
Industrial Perforadora de Campeche: Drilling contract