UK’s Petrofac says wins Mexico Pemex offshore Arenque contract

Reuters, 8/31/2012

British oil services firm Petrofac said Mexican state oil monopoly Pemex has awarded it a 30-year service contract for the offshore Arenque oil field.

Arenque, located in shallow waters off Tamaulipas state in northern Mexico, was the largest block up for grabs during Pemex’s second round of tenders for private service contracts in June. But Pemex rejected all bids at the time as each exceeded the $7.25 per barrel maximum bid price established by Pemex, and the auction was declared null.

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