In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and Cepsa and one block jointly with its partners Malaysia's Sapura E&P and UK's Premier Oil.
In all three blocks, the affiliate of the German E&P company DEA, Deutsche Erdoel Mexico will be the operator.
"We are very pleased with the awards in this highly competitive bid round 3.1. The blocks we won are an excellent fit to our plans in Mexico. The country plays an important role in our global growth strategy. We recently entered the Mexican market and are one of the first international operator of oil production in the country. Now, we expand our exploration portfolio with promising opportunities," said Maria Moraeus Hanssen, CEO of DEA Deutsche Erdoel AG.
Deutsche Erdoel Mexico won Block 16 and 17 (both with partners Pemex Exploration and Production and CEPSA) in the Tampico-Misantla Basin and Block 30 (with partners Sapura E&P and Premier Oil) in the Sureste Basin.
"The bid round results are a great success, giving us access to highly prolific basins," said Juan Manuel Delgado, President of Deutsche Erdoel Mexico. "Both, the Tampico-Misantla and the Sureste Basin offer significant undiscovered resource potential. Block 30 is in vicinity of recent large oil discoveries. Block 16 and 17 are located in the immediate vicinity of Block 2, where we already have exploration activities as partner with Pemex. The blocks are a strong complement to our portfolio. We now look forward to start the exploration work together with our partners," Delgado added.