CNH & PEP Sign a Contract for the Exploration in Ebano Area

Source: www.gulfoilandgas.com 8/3/2018, Location: South America

The National Hydrocarbons Commission (CNH), on behalf of the Mexican State, signed with Pemex Exploration and Production (PEP) and with the companies D & S Petroleum, SA de CV (D & S Petroleum) and DS Servicios Petroleros, SA de CV (DS Servicios Petroleum), the Contract for the Exploration and Extraction of Hydrocarbons, under the modality of Shared Production, derived from the migration process of the AE-0391-M-Ebano Assignment (Contract).

The Commissioner President of the CNH, Mtro. Juan Carlos Zepeda, Mr. Ulises Hern?ndez Romano, Director of Resources, Reserves and Associations of PEP, Mr. Edgardo Luis Zagaglia Allende and Mr. Wang Xixian, legal representatives of DS Servicios Petroleros and D & S Petroleum, signed the Contract.

The Contractual Area is located in the Tampico Misantla Basin, located in the Northeast of Mexico, in the States of Veracruz, Tamaulipas and San Luis Potos? with an approximate area of ??1,569,123 km2. The duration of the Contract will be thirty years with the possibility of two extensions of five years each.

For the third time, within the framework of the Energy Reform, a migration of an incentivized contract to one of Exploration and Extraction of Hydrocarbons is carried out.

The Contractor gave the CNH the corresponding corporate guarantees amounting to 500 million dollars, as well as the compliance guarantee for an amount of 30 million 780 thousand 6 dollars. The interest percentages of participation in this Contract are 45% for PEP, 54.99% for DS Servicios Petroleros and 0.01% for D & S Petroleum.


China >>  8/17/2022 - In Well Long 46 in Well 150, Ordos Town, three researchers from Liaohe Oilfield Exploration and Development Research Institute were carefully analyzin...
Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...

United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...
Sudan >>  8/1/2022 - Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportu...

Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...
Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...

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  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.