Gulf Oil and Gas accountACCOUNT

Petrofac & Schlumberger Selected Bidders on Services Contract

Source: www.gulfoilandgas.com 6/20/2012, Location: South America

Following the announcement by Petroleos Mexicanos (PEMEX) on June 19th, Petrofac and partner Schlumberger confirm being the selected bidders on the Panuco integrated production services contract in Mexico. The contract, which runs for 30 years, is expected to be signed in late August 2012 and field operations are expected to start around the beginning of 2013.

The Panuco Contract Area contains four mature onshore fields operated by PEMEX, and was discovered in the early 1900s with an original oil in place of approximately 6.8 billion barrels. The fields have about 1,600 wells of which around 200 are currently producing a total of approximately 1,500 barrels of oil per day. Petrofac and Schlumberger will develop the fields jointly with Petrofac as the lead operator.

Schlumberger and Petrofac have complementary skill sets and execution capabilities built through subsurface knowledge, facilities expertise and operational experience in integrated asset management. On January 5, 2012, Petrofac Integrated Energy Services and Schlumberger Production Management announced the signing of a Co-operation Agreement to establish a working relationship to deliver integrated projects in the emerging and growing production services and production enhancement markets.

Service Companies News in Mexico >>

Brazil >>  7/6/2020 - Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Buzios pre-salt project, in wat...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Mexico Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

More News

Related Links

AR BM BO BR BS CL CO CU EC FK GY MX PE TT UY VE
Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.