Fieldwood signs Mexican PSC for offshore block awarded in second tender

Fieldwood Energy E&P Mexico, a subsidiary of Houston-based Fieldwood Energy LLC, has signed a production-sharing contract for Area 4 in the Bay of Campeche, awarded as part of Mexico’s Round 1 second tender.

Fieldwood Energy E&P Mexico, a subsidiary of Houston-based Fieldwood Energy LLC, has signed a production-sharing contract for Area 4 in the Bay of Campeche, awarded as part of Mexico’s Round 1 second tender (OGJ Online, Sept. 30, 2015).

The area, comprising the proved but undeveloped Ichalkil and Pokoch fields in 100-150 ft of water, will be operated by Fieldwood in consortium with PetroBal SAPI de CV, a subsidiary of Mexican conglomerate Grupo Bal.

Fieldwood will commence a 2-year appraisal period in Area 4 beginning early this year, during which time it intends to conduct a limited drilling program and technical evaluation process.

Italy’s Eni SPA in December signed a PSC for development of Amoca, Mizton, and Tecoalli oil fields in Area 1, awarded in the second tender (OGJ Online, Dec. 2, 2015). The company plans to drill four delineation wells.

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