Mexico’s upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) on Tuesday approved three exploration and production (E&P) work plans for 2021 that entail combined investment of $115.7 million.

Mexico oil and gas production nov 2020

Servicios Múltiples de Burgos, S.A. de C.V. (SMB), a 50/50 joint venture between Tecpetrol SA and Industrial Perforadora de Campeche (IPC), obtained the green light for a $55.7 million work program as part of the development plan for the CNH-M3-Misión/2018 contract. 

The contract pertains to the Misión block in the Burgos Basin of Northern Mexico. Misión is the leading producer of natural gas among the more than 100 E&P contracts awarded under Mexico’s 2013-2014 market-opening energy reform.

SMB holds a 49% operating stake in Misión, while national oil...