Repsol could invest US$380 million in Mexico

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MEXICO  — Repsol, Spanish based energy company, could make investments up to US$330.8 million by the drilling of four wells, as indicated by the National Hydrocarbons Commission (CNH).

During the 33rd extraordinary session of the CNH, the organism approved the exploration plans since they were qualified as technically feasible and they will make it possible to generate and accelerate the geological-petroleum growth of the subsoil, evaluate the oil potential and maximize the strategic value of contractual areas.

"Since the data that is being given with the three blocks that are held in these contracts, the investments, especially because they are frontier areas, are important for the discovery of new exploration areas in these three blocks," said Commissioner Alma América Porres

Source: Milenio