Hokchi Energy relinquishes 100% of a round one contract area
Hokchi Energy relinquishes 100% of a round one contract area
Hokchi Energy has asked the CNH for an early waiver of a whole contract area in shallow waters from round one.
The National Hydrocarbons Commission (CNH) ruled in favor of initiating and processing the early termination procedure for renouncing part of the contractual area CNH-R01-L01-A2/2015 to Hokchi Energy.
The shared production contract CNH-R01-L01-A2/2015 is located in the shallow waters of the Gulf of Mexico, off the coast of the state of Tabasco, with an area of 194.45 square kilometers.
The operator of the block is Hokchi Energy and it is a partner of Wintershall Dea and Sierra Oil & Gas.
On September 5, 2019, the contractor notified the total abandonment of the block due to the fact that the Acan-1EXP and Yaluk-1EXP wells did not confirm the presence of sufficient hydrocarbons to be the subject of an evaluation plan.
In October 2019, the regulator approved resolution CNH.E.59.004/2009 instructing the processing of the area’s early termination procedure.
The resignation process was suspended due to the COVID-19 pandemic and until now the procedure has been resumed.
The block will be returned to the Secretary of Energy (SENER), who will determine the future of the area, which may be auctioned or awarded to Petróleos Mexicanos (Pemex).
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