Houston-based Michael Petroleum Corp. said it invested $1.5million in a venture to participate in the drilling of 38 naturalgas wells for Pemex in the Burgos Basin in Northern Mexico. MichaelFarmar, Michael Petroleum president, said the project has drillednine gas wells to date and anticipates drilling the remaining 29wells before Dec. 31, 1999.
Mexican
Articles from Mexican
Tractebel Awarded Mexican Distribution Permit
Mexico’s Energy Regulatory Commission (CRE) issued the Queretarogas distribution permit to Belgian electric utility Tractebel.Tractebel was awarded the permit as a result of the bid processundertaken by the CRE for the geographic zone, which comprises themetropolitan area of Queretaro, as well as the city of San Juan delRio.
TransCanada Wins Mexican Pipeline Bid.
TransCanada del Bajio was awarded a permit to build and operatea system to transport gas from Calamanca, Guanajuato, Mexico, tothe capital city of Aquascalientes. Mexico’s Energy RegulatoryCommission (CRE) awarded the permit to the consortium made up of TransCanada Pipelines Ltd. (95%) and Mexico’s Corporacion GUTSA(5%). The project entails construction of a 126-mile network of 12-and 16-inch pipelines with capacity of 90 MMcf/d. TransCanada delBajio will invest $56.4 million during the first five years of thesystem’s operation. The project is intended to supply gas to theBajio geographic zone whose distribution permit has been put up forbidding by the CRE. The winner of this permit will be announced byDec. 17.