MEXICO CITY – GE Oil & Gas (NYSE: GE) will provide vital surface equipment to PEMEX for use at its offshore project in the Ayatsil heavy oil field located in the Campeche Sound, in the Gulf of Mexico.
The multi-year contract includes the installation of GE’s surface wellheads and trees in new wells that will be drilled by PEMEX through the duration of the contract. PEMEX is focused on strengthening oil extraction in the Marine Zone, an area located within territorial waters near the coasts of Campeche, Yucatan, and Quintana Roo. PEMEX considers Ayatsil to be one of the fields that will help the company recover the historic production of the zone and continue to increase it in the coming years.
GE’s surface wellheads and trees will be manufactured at the company’s Ecatepec plant in Mexico City, which has been equipped with new manufacturing hardware.
While the Ayatsil offshore project is GE’s largest contract currently underway in the Marine Zone, the company is also working with PEMEX on several other initiatives. GE recently announced it is teaming with PEMEX and the Mexico Institute of Petroleum to research and develop technologies to help improve productivity and efficiency in mature fields, develop deepwater and ultra-deepwater projects, and modernize Mexico’s energy infrastructure.