DEA Deutsche Erdoel AG signs exploration licence agreement with Pemex

“We are looking forward to a fruitful cooperation. Deutsche Erdoel will actively contribute to the partnership, with our extensive technical knowledge and experience from numerous international onshore and offshore operations, to generate considerable value for the project,” he adds. Block 2 is the first licence participation for DEA Deutsche Erdoel AG in Mexico. As part of its strategy, the company aims to further build a portfolio in the country. Block 2 comprises 549 square kilometres and is located in the prolific basin Tampico-Misantla, in the South-Western Gulf of Mexico. Water depth ranges from 40 to 260 metres. The initial four-year exploration phase includes the drilling of one commitment well. Source / More: DEA Deutsche Erdoel AG oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>