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KUALA LUMPUR, 15 JULY: PC Carigali Mexico Operations S.A. de C.V., a subsidiary of Petroliam Nasional Bhd (Petronas), is said to be preparing for the first drilling of Mexico’s offshore Bacalar-1EXP oil and gas exploration well, in which Petronas owns a 60% share.
PC Carigali is expected to “begin drilling preparation” for the oil and gas well, according to Petronas’ joint venture (JV) partner PT Medco Energi Internasional Tbk’s latest monthly exploration report.
“Estimated spud on mid-August 2021,” according to Medco Energi, an Indonesian company.
The gross exploration cost for the Bacalar-1EXP oil and gas exploration well, according to Medco Energi, is US$4.42 million (about RM18.55 million).
The exploratory well is said to be in Mexico’s Block 12 oil and gas area in the Gulf of Mexico, according to press sources.
According to reports, Petronas held a 60% share in Block 12, while Medco Energi and Thailand’s PTT Exploration and Production Public Co Ltd each held a 20% stake.
Petronas had not published a statement in reaction to Medco Energi’s monthly exploration report updates as of today’s writing.
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