August 30, 2017 / 10:21 PM / a year ago

Mexico's next deepwater oil joint venture seen requiring $10.7 bln

MEXICO CITY, Aug 30 (Reuters) - A coveted deepwater oil project that Mexico’s state oil company Pemex wants to develop with a partner will require some $10.7 billion in investment and could eventually add 174,000 barrels of new output per day, a senior regulator said on Wednesday.

Top oil sector regulator Juan Carlos Zepeda told Reuters in an interview that the auction to pick a partner for Pemex’s Nobilis-Maximino deepwater project will likely coincide with a previously scheduled deepwater auction set for Jan. 31.

The first commercial barrels from Nobilis-Maximino are seen by 2024, with peak output of 174,000 barrels of oil equivalent (boe) and 265 million cubic feet of natural gas per day coming online in 2026. (Reporting by David Alire Garcia and Adriana Barrera; Editing by Sandra Maler)

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