Petrofac wins Mexico contract

Oil and gas services firm Petrofac said it had won a contract to develop the Arenque contract area, offshore Mexico.

Oil and gas services firm Petrofac said it had won a contract to develop the Arenque contract area, offshore Mexico.

The firm said the Arenque field, which is currently producing around 5,000 barrels per day, had initial oil in place of approximately 1.2bn barrels with a current recovery factor of around 11%.

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