Exploration & Production

Pemex planning to cut stake in Nobilis-Maximino project

Pemex plans to cut its stake in the highly prospective Nobilis-Maximino deepwater project from 49% to 40%.
By Staff reporter 24 November 2017 0 28556

Mexican state giant Pemex plans to cut its stake in the highly prospective Nobilis-Maximino deepwater project from 49% to 40%, Reuters reported on Thursday, quoting a company official.

Nobilis-Maximino will require around $10.7 billion in investment, and first production from the field is forecast for 2024. It will produce up to 7.5 million cubic metres per day of gas by 2026.