Americas | Mexico

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In August 2011, Petrofac became the first foreign company to operate state oil fields in Mexico for more than 70 years when it was awarded two integrated services contracts by Petróleos Mexicanos (PEMEX), Mexico's National Oil Company, to develop the Magellanes and Santuario blocks

We have since been awarded a further four contracts in Mexico:

  • Pánuco – integrated services contract in partnership with Schlumberger, covering four mature onshore fields
    • In August 2017, Petrofac sold its 50% interest in Petro-SPM (the operator of the Pánuco Integrated Service Contract) to Schlumberger
  • Arenque – a contract to improve the recovery factor and increase production from the offshore field
  • Lakach – providing specialised technical assistance and supervision for the construction, installation, commissioning, testing and start-up of deepwater subsea wells and infrastructure
  • Engineering Services Framework Agreement contract, providing assistance and support for technical solutions in the development of projects

As part of the ongoing energy reforms in Mexico, we are working towards the migration of our Production Enhancement Contracts (PEC) to Production Sharing Contracts (PSC). In December 2017, we completed the migration of the Santuario PEC into an interest in a PSC.