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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, May 13, 2009

Chicontepec oil project

"Mexican energy giant Pemex has delayed a 170-well tender for the Chicontepec oil project citing technical reasons.

Baker Hughes submitted the lowest bid earlier this year on a contract for the drilling and 170 wells on the Chicontepc paleocanyon, in a region overlapping both Veracruz and Puebla states.

Industry sources said Baker Hughes bid $160.7 million, just ahead of Mexico's Zapata drilling outfit, with $160.9 million, while US giant Halliburton was in third place with $170 million."

Mexico delays Chicontepec bids


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