Development planned for Chicontepec reservoir to focus on gas, light and heavier oil
HOUSTON - Schlumberger Oilfield Services in partnership with ICA Fluor Daniel today announced it has been awarded an unprecedented integrated oilfield services contract for the Chicontepec reservoir, the largest ever awarded in Mexico. The $500-million contract to recover gas, light and heavier oil in the reservoir spans four years.
The consortium will undertake field studies, drilling, well completion and intervention services, surface infrastructure, and production facilities development in the Chicontepec onshore oil field for PEMEX Exploration and Production (PEMEX E&P), a subsidiary of the Mexican state-owned petroleum company. The field is located 250KM northeast of Mexico City in the states of Veracruz and Puebla. Representing one of Mexico's largest proven reserves, the Chicontepec area is formed by a paleochannel reservoir discovered in 1925.
"This contract builds upon numerous successful projects in Mexico, and strengthens our business alliance in the country," said Jose Magela Bernades, general manager, Mexico GeoMarket, Schlumberger Oilfield Services. "For the first time a service company will directly collaborate with PEMEX on the field development plan under an integrated service concept. Our strategic alliance with ICA Fluor Daniel brings together companies with complementary technical skills and international relationships."
The initial stage of large-scale development planned for the Chicontepec field will comprise a field study of several blocks, drilling 200 wells and completion of 50 additional wells. This phase also includes optimization of production facilities installed around the reservoir; reduction of operations and maintenance costs; integration of production installations using reservoir energy efficiency; construction of multiwell drilling pads; use of recycled gas for pneumatic pumps; and minimizing environmental impact. New field studies also will be conducted where PEMEX wants to further develop the Chicontepec field.
The consortium will complete and fracture 250 wells, and establish the production regime and injection strategies. The contract also includes providing manned rigs, all associated surface facilities and required infrastructure, such as pipelines, compression and storage.
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About the Organizations
ICA Fluor Daniel, the Mexico-based partnership of Fluor Corporation and Empresas ICA Sociedad Controladora, is the leading industrial engineering company in Mexico, dedicated to the engineering, procurement, and construction of oil and gas, refinery, petrochemical and chemical, power generation, telecommunication and automotive facilities, among other industrial sectors. Founded in 1947, ICA has completed construction and engineering projects in 21 countries. ICA's principal business units include civil and industrial construction. Through its subsidiaries, ICA also manages airports and operates specialized port terminals, tunnels, highways, and municipal services under government concession contracts and/or partial sale of long-term contract rights.
Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, and maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a Fortune 500 company with revenues of $10 billion in fiscal year 2002. For more information, visit www.fluor.com.
Schlumberger Oilfield Services, the largest oilfield services company in the world, is the leading supplier of technology services and solutions to the international petroleum industry. With operations in more than 100 countries, Schlumberger Oilfield Services is one of two business segments of Schlumberger Limited, a global technology services company spanning the oil and gas, telecommunication, utilities, finance and public sector markets. In 2002, Schlumberger revenues were $13.5 billion. For more information online, visit www.slb.com.
For further information, contact:
Susan Ganz
Media Relations Manager
Schlumberger Oilfield Services
Tel: +1 281 285 8245
sganz1@slb.com
Lori D. Serrato
Media Relations
Fluor Corporation
Tel: 949 349 7420
Lori.Serrato@Fluor.com
Jorge Perez Grovas
ICA Fluor Daniel
Tel: + 52 55 5061 7130
Jorge.PerezGrovas@icafd.com.mx
© Press Release 2006
