On Wednesday, Mexico’s energy ministry said that state oil firm Petroleos Mexicanos (Pemex) has started talks over a possible offshore shared reservoir with Hokchi Energy.
Both companies have started the first stage of unitization negotiations which covers a confidentiality agreement that will allow both sides to share technical data.
Previously in May, Pemex stated that an exploratory well it drilled in a block where it holds development rights inferred the possibility of a shared oil reservoir with an adjacent shallow water area belonging to Hokchi.
If confirmed, it would be the second of such a shared oil reservoir in Mexico.
