Several public and private companies have presented their plans for 2023 investment in offshore projects in Mexico, according to the latest batch of approvals from hydrocarbon regulator CNH.

During the last session of the proceedings, Wintershall said he was ready to invest up to $73.7 million next year in his AS-CS-14 contract against Tabasco State.

The company plans to drill up to two wells, Kan and Ix, to test the area’s potential starting in January.

The exploration and production subsidiary of state-owned Pemex, PEP, is to invest $87.5 million in its AS-CS-13 concession off Tabasco and Veracruz in the Southeast Basin. The company’s updated plan calls for the drilling of two exploration wells: Binak from April and Masam from July.

At the same time, TotalEnergies is planning investments of 126 to 260 million dollars to explore the A15.CS contract off the coast of the state of Campeche. The company will drill the Ochkan well in January and Jefe if initial results are encouraging.

During the session, CNH approved Pemex’s plans to drill the Tentok and Amistli shallow water wells, as well as the Akamba and Yamoc onshore wells, while PC Carigali was cleared to drill the Coatlicue deep water well.

A plan Pemex has also been authorized to invest US$500 million in Campo Cibix to drill and complete 10 development wells and extract 34 million barrels of oil and 65.4 billion cubic feet of natural gas.

Woodside and Repsol have abandoned areas considered unworkable. Woodside gave up part of the A1-Trion area, while Repsol gave up contracts G-BG-05 and G-BG-07.