Wintershall Dea, Hockchi expand offshore Mexico E&P partnership

Wintershall Dea has agreed to acquire a 37% interest in the Hokchi Block offshore Mexico from operator Hokchi Energy, the Mexican subsidiary of Pan American Energy, subject to approvals.
Oct. 25, 2022

Offshore staff

KASSEL, GermanyWintershall Dea has agreed to acquire a 37% interest in the Hokchi Block offshore Mexico from operator Hokchi Energy, the Mexican subsidiary of Pan American Energy, subject to approvals.

The two companies are already partners in Block 2 in the Sureste Basin in the southeastern Gulf of Mexico. It is also close to Wintershall Dea’s Zama, Polok and Chinwol discoveries and the company’s operated Block 30.

The shallow-water Hokchi concession produces oil and gas via a subsea tieback to two offshore platforms, Satellite and Central, and came onstream in May 2020.

From the platforms, the wellstream heads through a 24-km pipeline to an onshore processing facility for separation, treatment and sale to Pemex. Current production is about 26,000 boe/d, with a planned ramp-up to 37,000 boe/d by 2023.

Wintershall Dea has an option to increase its stake in the Kokchi Block to 40% at a later date.

10.25.2022

Sign up for Offshore eNewsletters