Mexico’s state oil firm Pemex is seeking a joint venture partner to help it explore and develop the ultra-deepwater Nobilis-Maximino block in the Gulf of Mexico.
Nobilis-Maximino, which is estimated to contain some 500 million barrels of crude oil equivalent, is located in the Cinturon Plegado Perdido (Lost Fold Belt) area of the Gulf, about 230km (143 miles) off of the state of Tamaulipas in the country’s northeast.
It sits about 15 kilometres (9 miles) from the nautical border with the US.
Pemex used to be a monopoly but it now is compelled to share under the government’s energy reform policies that have seen numerous private and foreign firms bid at auction for oil and gas rights in Mexican waters.
The country’s oil industry regulator CNH (Comisio Nacional de Hydrocarburos) plans to publish a list of bidders for Nobilis-Maximino In January 2018.