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Tag: Pemex

German DEA, Egyptian Cheiron to partner with Pemex, become operators in Mexico

Posted: October 7, 2017 at 7:42 pm   /   Oil & Gas

Deutsche Erdoel AG (DEA) of Germany has acquired a 50% license share and operatorship of onshore Ogarrio oil field in southern Mexico’s Tabasco state 197 km west of Villahermosa. The share was offered in the latest farmout auction of the National Hydrocarbons Commission. Petroleos Mexicanos (Pemex) will be the partner, holding the other 50%. Separately, […]

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Egypt's Cheiron wins bid for development of Cárdenas-Mora oil field in Mexico

Posted: October 5, 2017 at 6:52 pm   /   Oil & Gas

The Egyptian company Cheiron Holdings Limited was awarded the winning bid during the process of the Cárdenas-Mora onshore block, by making an offer consisting of an initial payment of 125 million dollars, which acknowledges previous investments made by Pemex, as well as additional royalties of 13% and a cash payment of 41.5 million dollars (md), […]

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