Mexico's Pemex Awards Contracts For Work On Cantarell Fields
11 Janeiro 2009 - 7:25PM
Dow Jones News
Mexican state oil monopoly Petroleos Mexicanos said Sunday it
awarded four contracts for well-recovery rigs and related services
as part of its efforts to contain the decline in production at the
offshore Cantarell oilfields.
Pemex said in a press release that work on the contracts, which
are for a combined $150 million, is expected to be completed in
about eight months.
Pemex is seeking to maintain output levels at Cantarell, the
country's principal oilfield, where heavy crude-oil production has
fallen to less that one million barrels a day from more than two
million barrels a day in 2004.
Among the companies that won contracts were ICA Fluor, a
joint-venture of Mexico's Empresas ICA (ICA) and Fluor Corp. (FLR)
of the U.S., and Grupo Carso SA's (GPOVY) construction unit Cicsa
(CICSA.MX).
-By Anthony Harrup, Dow Jones Newswires; 5255-5001-5727;
anthony.harrup@dowjones.com
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