Mexico: Pemex, Hokchi in Talks Over Shared Offshore Reservoir

Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico’s energy ministry told Reuters on Wednesday.

The ministry said Pemex, formally known as Petroleos Mexicanos, told it in May that an exploratory well it drilled in a block where it holds development rights “infers” the possibility of a shared oil reservoir with an adjacent shallow water area belonging to Hokchi Energy.

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