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Mexico City, 27.06.2018

Deutsche Erdoel Mexico becomes operator of three exploration blocks

Deutsche Erdoel Mexico and its partners have signed the contracts for the offshore blocks 16, 17 and 30. The contracts were awarded by the National Hydrocarbons Commission CNH (Comisión Nacional de Hidrocarburos) in Mexico’s shallow water bid round 3.1 in March 2018. In all three blocks, Deutsche Erdoel Mexico is the operator.

“Mexico has become a key country in the global portfolio of Deutsche Erdoel AG. We are very delighted to now start the exploration work as operator of these blocks, together with our partners,” says Juan Manuel Delgado, President of Deutsche Erdoel Mexico. “The three blocks give us access to highly prolific basins and represent promising opportunities. Now, a phase of thorough and intensive preparation begins. As a first step, we will compile detailed exploration work programs for the blocks,” Delgado explains.

For Block 16 and 17, geological and geophysical studies are planned, while in Block 30 the acquisition of a 3D seismic is intended, followed by the drilling of two exploration wells.

 

Juan Manuel Delgado signs contracts for Block 16 and 17
Juan Manuel Delgado signs contracts for Block 16 and 17
Manfred Boeckmann, SVP Exploration Deutsche Erdoel AG, signs the contract for Block 30
Manfred Boeckmann, SVP Exploration Deutsche Erdoel AG, signs the contract for Block 30
Signing Blocks 16 and 17
Signing Blocks 16 and 17
Marco Arregin (Manager New Ventures, Pemex E&P), Juan Manuel Delgado (President Deutsche Erdoel Mexico), Luis Travesedo Loring (SVP E&P Cepsa) (from left to right)
Shahril Bin Shamsuddin (CEO Sapura Energy), Manfred Boeckmann (SVP Exploration DEA), Tim Davies (Group Exploration Manager Premier Oil) (from left to right)
Signing Block 30
Signing Block 30
The representatives of Deutsche Erdoel Mexico with its partners from Pemex, Premier, Sapura and Cepsa
The representatives of Deutsche Erdoel Mexico with its partners from Pemex, Premier, Sapura and Cepsa

Deutsche Erdoel Mexico is operator of Block 16 and 17 with a share of 40% in both blocks; Pemex Exploration and Production (40% share) and Cepsa (20% share) are the partners. Both blocks are located in the Tampico-Misantla Basin, in the immediate vicinity of Block 2, where Deutsche Erdoel Mexico already has exploration activities as partner with Pemex.

In Block 30, Deutsche Erdoel Mexico is the operator with a share of 40%, while Premier Oil and Sapura E&P each hold a share of 30%. The block is located in the Sureste Basin, in vicinity of recent large oil discoveries.

Further information

Frank Meyer

Manager External Communications

T +49 40 6375 2759

M +49 162 273 2559

Background information

Deutsche Erdoel Mexico is a subsidiary of the international E&P Company Deutsche Erdoel AG, which is based in Hamburg, Germany. In March 2018, Deutsche Erdoel Mexico took over operatorship of the onshore oil field Ogarrio in the state Tabasco. The 50 percent license share and operatorship of Ogarrio were awarded during the farm-outs in October 2017. Earlier that year, the company won the Block 2 in Licensing Round 2.1 in consortium with Pemex. Deutsche Erdoel Mexico has offices in Mexico City and in Villahermosa.

DEA Deutsche Erdoel AG (“Deutsche Erdoel AG”) is an international operator in the field of exploration and production of crude oil and natural gas based in Hamburg. Its focus is on safe, sustainable and environmentally conscious exploitation of oil and gas. Deutsche Erdoel AG has 119 years of experience working along the entire upstream value chain as operator or project partner. With a staff force of 1,150 employees, Deutsche Erdoel AG has shares in production facilities and concessions in, among others, Germany, Norway, Denmark, Egypt, Algeria and Mexico.

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