Ichalkil Pokoch Shallow Tender

OnshoreOffshore Offshore Greenfield Brownfield Greenfield Scope of WorkTo Develop Ichalkil and Pokoch shallow water fields in Campeche Bay.DescriptionThe fields pertain to Block 4 an area in which CNH awarded a 20-year production-sharing contract to Fieldwood and its Mexico-based joint-venture partner Petrobal SAPI de CV in the Round 1.2 bidding process in 2015.The consortium plans to invest 7.58 billion and drill 19 production wells at the block from 2021-2040.Fieldwood is a subsidiary of Riverstone Holdings LLC an energy-focused private investment firm. Petrobal is a unit of Mexican conglomerate Grupo BAL. Fieldwood and Petrobal each hold a 50 stake in Block 4 for which production levels of oil and natural gas are expected to peak in 2026 at around 104000 bd and just under 160 MMcfd respectively.Combined uncertified proved plus probable or 2P reserves at Ichalkil and Pokoch stand at 455 million bbl oil and 567 Bcf natural gas. Once the reserves are certified Ichalkil-Pokoch would become Mexicos fifth-largest field in terms of 2P oil reserves.