Pemex Awards Engineering Contract to Cal Dive

Pemex Exploracion y Producion (PEMEX) awarded Cal Dive International, Inc. an engineering, procurement, installation and commissioning contract for the Abkatun-Pol-Chuc project in the Bay of Campeche. The contract has an estimated value of $63 million and will utilize the company's vessels.

The scope of work consists of engineering, procuring, installing and commissioning 7.5 miles (12 kilometers) of eight-inch subsea pipeline and associated tie-ins to four existing platforms.

The Abkatun, Pol and Chuc reservoir complex, which has been producing light grade oil since the 90s, is located to the southwest in the Bay of Campeche. These three fields account for the largest light oil reserve in the area, producing roughly 305,400 barrels of oil per day in 2009. However, production has decreased by about 50 percent since 1996.

Pemex is looking to increase production by further delineating the field.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here