Pemex to invest over US$1bn in Tupilco Profundo field
Mexican oil and gas giant Pemex will invest US$1.1bn through 2046 in the Tupilco Profundo onshore field in Tabasco state’s Comalcalco municipality.
At an ordinary session on Thursday, sector regulator CNH approved the development plan presented by the national oil company’s E&P unit PEP to extract around 117Mb (million barrels) of oil and 124Bf3 (billion cubic feet) of gas.
Pemex plans to invest in three new wells, 12 ducts and make more than 1,000 minor repairs, in addition to new installations.
The approval of the plan follows CNH's granting of a third and last extension in October to continue early production without a development plan.
Tupilco is among the country’s most promising fields and ranks fourth among the biggest producing fields. Pemex’s AE-0140-2M-Comalcalco contract went into effect in 2019, with the license covering 31km2 within the Tupilco field being valid for 30 years.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Mexico)
US oil industry slams Mexico's energy policy, calls for trade dispute escalation
The American Petroleum Institute says Mexico's energy policies discriminate against US energy companies and is calling for the US government to req...
At a glance: Natural gas demand in Latin America
Power generation is expected to represent nearly half of the region’s incremental gas offtake growth.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Polok field
- Current stage:
- Updated:
1 month ago
- Project: Olmeca Refinery (ex Dos Bocas)
- Current stage:
- Updated:
1 month ago
- Project: Querétaro storage and dispatch terminal (Supera network)
- Current stage:
- Updated:
1 month ago
- Project: Block Humapa
- Current stage:
- Updated:
2 months ago
- Project: Area 1 - Tampico-Misantla
- Current stage:
- Updated:
2 months ago
- Project: Saguaro Energía LNG (ex Puerto Libertad)
- Current stage:
- Updated:
2 months ago
- Project: Amigo LNG Liquefaction Terminal
- Current stage:
- Updated:
2 months ago
- Project: Area 29 - Cuenca Salina
- Current stage:
- Updated:
2 months ago
- Project: Ébano area
- Current stage:
- Updated:
2 months ago
- Project: Prosperidad gas pipeline
- Current stage:
- Updated:
2 months ago
Other companies in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: PC Carigali Mexico Operations S.A. de C.V. (PC Carigali Mexico Operations)
-
PC Carigali Mexico Operations S.A. de C.V. is a Mexican oil and gas exploration and production company owned by Malaysia's oil and gas multinational corporation Petroliam Nasion...
- Company: Centro Nacional de Control del Gas Natural (CENAGAS) (Cenagas)
-
Mexico's National Gas Control Center (Cenagas) is responsible for managing the country's natural gas transportation and storage network, known as Sistrangas, made up of the Nati...
- Company: Comisión Nacional de Hidrocarburos (CNH)
-
Mexico's national hydrocarbons commission CNH was established in November 2008 as an organization with technical and financial autonomy to regulate, oversee, and evaluate all hy...
- Company: Perseus Tajón S.A. de C.V. (Perseus Tajón)
-
Perseus Tajón, S.A. of C.V. is a subsidiary of the Mexican oil company Compañía Petrolera Perseus, S.A. of C.V. incorporated in 2016 for the exploration and production of hydroc...
- Company: CFE Generación IV
-
The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Pemex Exploración y Producción, S.A. de C.V. (PEP)
-
Pemex Exploración y Producción, the E&P subsidiary of Mexican national oil company Pemex, is engaged in the exploration and production of oil, gas, and other hydrocarbons within...
- Company: Consorcio CCR Platforming Cangrejera, S.A. de C.V. (Consorcio CCR Platforming Cangrejera)
-
Consorcio CCR Platforming Cangrejera S.A. de C.V., formed by Construction and Services Activities S.A., Sener Ingeniería y Sistemas S.A. and Dragados Proyectos Industriales de M...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
