Pemex to invest US$61 million in Tabasco

Pemex to invest US$61 million in Tabasco

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MEXICO CITY – Petróleos Mexicanos (Pemex) will invest US$61 million  for the drilling of an exploratory well in shallow waters, in the Baalkah-1EXP field, which is located off the coast of Tabasco.

The National Hydrocarbons Commission (CNH) explained that Pemex Exploration and Production will be in charge of this assignment, and the objective is to achieve light oil of 34 to 40 degrees AP. The oil company expects to recover 49 million barrels of oil, with a probability of geological success of 28%.

The investment program announced by the national oil company plans to allocate US$41 million to drilling and US$ 19 million to the completion works of the well.

Source: La Jornada