|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Mexico

Spainís ACS to Invest $500 Million in Mexican Gas Fields

MADRID Ė Spanish infrastructure company Grupo ACS said on Sunday that it planned to invest 430 million euros (about $500 million) via its Cobra unit in three gas fields in Mexico.

The blocks, located in the Burgos basin, are expected to produce more than 350 billion cubic feet of natural gas and 1 million barrels of condensates worth more than 860 million euros (about $1 billion), ACS said in a statement.

The Spanish company won the rights to the blocks in the latest auction held by the National Hydrocarbons Commission (CNH), an agency under the Mexican Energy Secretariat.

The three new fields will join three fields currently being operated by Iberoamericana de Hidrocarburos (IHSA), Cobraís Mexican partner.

IHSA is producing gas at the fields for Mexican state-owned oil giant PEMEX and also won the rights to three fields in Colombia in late 2016.

ACS Industrial is expected to reach a production level of 40,000 barrels of oil equivalent (boe) per day in the next two years.

ACS Industrial is involved in conventional and renewable power generation, electricity transmission, the oil and gas industry, and the construction of industrial plants for multinational corporations, among other projects.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved