Petrofac close to securing big production contract in Mexico

Oilfield services group Petrofac has been declared, together with its partner Schlumberger, as the selected bidder on the Pánuco integrated production service contract in Mexico.

Oilfield services group Petrofac has been declared, together with its partner Schlumberger, as the selected bidder on the Pnuco integrated production service contract in Mexico.

The area contains four mature onshore fields operated by Petrleos Mexicanos (PEMEX) and was discovered in early 1900s with original oil in place of around 6.8bn barrels. The fields have some 1,600 wells of which around 200 are currently producing a total of 1,500 barrels of oil per day.

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