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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