Friday, July 24, 2009

Halliburton Goes Gangbusters in Chicontepec

(Blogger's note: It will be made very clear that Halliburton - a virus of a company that nefariously piggy-backs Uncle Sam's dime in the Iraqi War, and under some operations, actually costs the taxpayer more money (than if than if the matter was conducted by the military itself) - is a company not endorsed by the blog. Again, while it shall be stated that Ghawar Guzzler is not a political blog, the blogger never endorsed the Iraqi War, nor the war-profiteers who've gained from it)

Halliburton plans to drill 170 wells in Chicontepec:

Petroleos Mexicanos has awarded Halliburton Co. a $159 million contract to drill 170 wells in Mexico's Chicontepec region, marking the Houston-based company's debut in an area where its main competitors have an established presence.

Pemex, as Mexico's state oil company is known, said the contract will last three years and involve four drilling rigs. Mexico is ramping up activity at Chicontepec to compensate for declining production at the country's traditional oil fields.

Pemex expects Chicontepec to pump 40,000 barrels a day in August and 60,000 barrels a day by the end of the year. At the start of 2009 the company had higher expectations of 70,000 barrels a day on average; it expects over 700,000 bpd by 2017.

- Brewskie

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