Hokchi and Eni set to splash out US$825mn on Mexican oil projects
Mexican hydrocarbons commission CNH approved new work and budget programs presented for two promising privately developed areas off the coast of Tabasco for total investments of US$824.5mn next year.
During an extraordinary session on Thursday, the commission approved an updated work and budget program for the A1 area presented by Eni México.
The plan involves spudding nine wells using three platforms for total 2021 investments of US$574.5mn.
The second plan, presented by Hokchi Energy, updates its guidance for the neighboring A2 shallow-water contract.
The updated plan involves spudding three production wells and two injector wells using a central and a satellite platform. The firm plans to invest US$250mn on the project in 2021.
The 4,500t central platform was finished last month, as BNamericas reported previously, while the 1,730t satellite platform was completed earlier in the year.
Hokchi spudded its first production well back in May. According to the CNH, Hokchi’s processing plant is still in construction and production is being handed over to NOC Pemex for processing for the time being.
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