Mexican-Argentine consortium submits proposal to Pemex for Mision block

Oct. 29, 2003
Pemex, Mexico's national oil and gas company, Wednesday reported that a Mexican-Argentine consortium has submitted a technical proposal for the Misión block in the Burgos Basin of northern Mexico.

By OGJ editors
HOUSTON, Oct. 29 -- UPDATE: Petróleos Mexicanos (Pemex), Mexico's national oil and gas company, Wednesday reported that an Mexican-Argentine consortium has submitted a technical proposal for the Misión block tender. The current tender is the third Multiple Service Contract (MSC) granted for works related to development of nonassociated gas reserves in the Burgos Basin in northern Mexico.

The bidding consortium is composed of Argentine company Tecpetrol -- a wholly owned subsidiary of the Techint Group -- and Mexican company Industrial Perforadora de Campeche, which is a subsidiary of the Mexican conglomerate Grupo R.

If the technical proposal meets all specifications, the corresponding economic proposal will be opened and awarded on Thursday.

The 1,972 sq km Misión block comprises 21 separate gas fields in Nuevo León and Tamaulipas states.

The winning contractor is expected to increase natural gas production in the Misión block to 91 MMcfd from the current level of 35 MMcfd over the life of the 20-year contract.
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HOUSTON, Oct. 29 -- Bids were due Wednesday to Petroleos Mexicanos (Pemex) for a 20-year contract to develop and maintain the Mision block in the Burgos basin of northeastern Mexico. Registered bidders include Techint SA de CV, Repsol Exploracion-YPF, D&S Petroleum, ExxonMobil Mexico, and Totalfina Oil & Gas Mexique.

This represents the third in a series of seven contracts for Burgos basin development and maintenance to be awarded under Mexico's Multiple Service Contract (MSC) program (OGJ Online, Oct. 16, 2003).

The program bundles such services as seismic surveys, drilling and development, pipeline construction, and maintenance, which previously had been contracted separately.

Pemex awarded the second contract Oct. 23 for natural gas development on the Cuervito block to a consortium that includes Brazilian company Petróleo Brasilerio SA, Japanese company Teikoku Oil Co., and the Mexican company D&S Petroleum, a subsidiary of Grupo Diavaz.

The group bid more than $260 million to develop and maintain the nonassociated gas reserves on the Cuervito block, which is 136 sq km in the state of Nuevo León. Pemex estimates Cuervito block will yield more than 100 wells over the life of the 15 year contract (OGJ Online, Oct. 22, 2003).