Tamaulipas seeks to be a benchmark in the energy sector

Category: Energy
Published: 2023-10-05
Tamaulipas seeks to be a benchmark in the energy sector

TAMAULIPAS – The Australian company Woodside Energy expects to produce 110,000 barrels of oil per day and 101 million cubic feet of gas by December 2028 in the state of Tamaulipas, after receiving approval for its Development Plan for Extraction related to the Trion Field.

The Government of Tamaulipas highlighted that the millionaire investment in energy matters announced by the President of Mexico, Andrés Manuel López Obrador, will detonate the economy in the state, since the Australian company plans to increase its production in the next five years.

After receiving approval for its Extraction Development Plan related to the Trion Field, in ultra deep waters, the company informed that it plans to recover a volume of 434 million barrels of crude oil and 219 billion cubic feet of gas at the end of the contract term, in 2052.

The Trion contract area has an extension of 1,285.20 square kilometers, whose extraction area is 36.69 square kilometers and is located in deep waters of the Gulf of Mexico, off the coast of the state of Tamaulipas.

The total cost of the project amounts to US$10 billion and Pemex is a Non-Operating Partner of the project, with a 40% participation.

It was in 2012, when Pemex discovered what was called the Trion Field, which is located in Mexican waters of the Gulf of Mexico, 180 km from the Mexican coast, in the state of Tamaulipas. It is the company BHP Billiton, who won in an auction held in December 2016, under the 2013-2014 energy reform, which opened oil exploration and production activities in Mexico to private capital.

Subsequently in March 2017 the National Hydrocarbons Commission (CNH), the company BHP Billiton Petróleo Operaciones de México, S. de R.L. de C.V. and PEP, signed Contract CNH-A1-TRION/2016 for the Exploration and Extraction of Hydrocarbons under the License Modality corresponding to the Trión Contract Area.

It was in the month of June 2023 when a request for approval of the Development Plan for the Extraction associated to the Contract was submitted to the CNH for its consideration and it was in August when, through Oficio 250.756/2023, the CNH forwarded to the ASEA the information submitted by the Contractor regarding the Request for approval of the Development Plan for the Extraction of the Trión Field.

The National Energy Commission approved last August 29, the Development Plan for the Extraction (PDE) of the Trion Field and the total cost of the project will reach US$10.4 billion, of which US$7 billion correspond to investment and US$3.4 billion to operating expenses.