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Pemex approves Trion field development
Mexican state oil company Pemex has approved the deepwater Trion field, near the US border, as first farm-out to a private operator, in a bid to boost untapped resources under new energy reforms. Trion, located in the Perdido area, will require about $11bn of investment and further farm-outs will follow, said Pemex Chief Executive Jose Antonio Gonzalez Anaya. The field is estimated to contain about 480mn barrels of recoverable reserves.
News Item details
Journal title: Petroleum Review
Subjects: Energy consumption, Commercial, Oil, Deep water drilling, Oil production, Energy policy
