Mexico’s regulator approves first non-Pemex offshore driller

Mexico’s oil industry regulator CNH (Comisio Nacional de Hidrocarburos) has approved the first company other than state firm Pemex to drill an offshore oil well in the country’s waters.

The distinction falls to Hokchi Energy a company jointly owned by Argentinian firms Pan American Energy and E&P Hidrocarburos y Servicios.

The first well will be 27 kilometres from the port of Dos Bocas, Tabasco.

It will start drilling in October and is investing $41.7m.

Since 2013’s energy reforms the government has been reducing state oil firm Pemex’s monopoly position on domestic production.


Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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