Petronas awarded shallow water block in Mexico's Salina basin

8/2/2017

KUALA LUMPUR -- Petronas’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina basin.

Block 6 covers an area of about 559 km2 in water depths of between 30 and 80 m and will be operated by PC Carigali Mexico in a 50-50 partnership with Ecopetrol, the national oil company of Colombia.

“I am pleased with our new partnership with Ecopetrol and I am confident this will bring together our capabilities and expertise for a successful collaboration in the Mexico waters,” said Petronas' executive V.P. & CEO, upstream, Datuk Anuar Taib.

In 2016, Petronas was awarded deepwater Block 4 and Block 5 in a joint venture partnership following Mexico’s first ever auction of its deep water exploration areas.

With a total of 5,491 km2 in gross acreage in the Salina basin to date, Petronas will continue to chart its growth strategy in Mexico, to be supported by a new office in Mexico City that will commence operations during third-quarter 2017.

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