USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Sino-Mexican consortium wins oilfield exploration contract in Mexico

Xinhua | Updated: 2017-07-13 16:24

MEXICO CITY — A consortium of one Chinese and two Mexican companies on Wednesday won a contract to explore and extract hydrocarbons from a field in eastern Mexico.

The consortium, which consists of three companies - China's Shandong Kerui, and Mexico's Sicoval MX and Nuevas Soluciones - obtained the contract for Area Six, a field of 193 square kilometers in the Veracruz oil belt, which has potential to provide liquefied gas.

The award was a close-run affair after the consortium presented a proposal which was equal to two other bids in terms of investment.

However, the Sino-Mexican consortium offered to pay $2.179 million in cash for the contract, a superior sum to its competitors, Mexican firm Carso Oil and Gas and a consortium of four American and Mexican companies.

According to Mexico's National Commission of Hydrocarbons, the Chinese firm is a subsidiary of the Kerui oil firm, dedicated to oil and gas exploration and production.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US