Mexican state oil company Pemex has won approval for an exploration plan envisaging investment of between $104 million and $204 million over the next two years to further investigate resources with unconventional potential in the Tampico-Misantla basin in the country's Veracruz state.
Earlier this month, the company received approval from Mexico’s National Hydrocarbons Commission (CNH) for at least four wells and as many as eight on its Pitepec, Soledad, Amatitlan and Mihuapan assignments, with one base case and one optional well planned for each tract.
