Mexican state oil company Petroleos Mexicanos (Pemex) signed an exploration and extraction contract with privately held US firm Lewis Energy Group for work in Olmos field in the northern border state of Coahuila, the company said.
With an expected investment of $617 million, the goal is to assess and develop the Eagle Ford field in Mexico with sights set on producing 117 MMcf of natural gas by 2021, Pemex said.
Lewis Energy has drilled more than 500 wells in the Eagle Ford, focusing on natural gas production. The company has executed a public works contract in Olmos field for 14 years. Olmos field is estimated to contain 800 bcf of gas.