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Pemex To Develop Burgos Basin

The Company said that one needs to invest $900 mln in the block

Pemex To Develop Burgos Basin

Mexico's state-run oil company Pemex received two bids on October 26 for a multiple service contract on the block in Mexico's Burgos basin.

The Company said that one needs to invest $900 mln in the block. The bidders are a local consortium of three domestic oil companies.

Pemex will study the technical bids and, providing they meet the company's requirements, will open economic bids on October 28. Pemex will announce the winner that same day.

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