Pan American Energy (PAE) has been granted approval by Mexican oil regulators to drill a shallow-water well on an area awarded in the country’s very first Round 1.1 bid offering in 2015.
The National Hydrocarbons Commission (CNH) authorised the Yaluk-1EXP well, which will be exploratory in nature and drilled in a water depth averaging about 42 metres, according to a presentation given during a meeting of the body.
