Mexican hydrocarbons regulator CNH has approved a new plan submitted by US independent Fieldwood Energy to continue development of a pair of shallow-water fields in the country.

Fieldwood, which filed for bankruptcy protection in August 2020, plans to invest $476.7 million in an attempt to increase production from the Ichalkil and Pokoch fields from 10,000 barrels per day of oil to 50,000 bpd by the end of the year.

The approved work programme will include the drilling of three development wells – Ichalkil-6, Ichalkil-8 and Pokoch-3 – plus the retrofitting of three production platforms, as well as seismic reprocessing and petrophysical studies.