Chevron Expands GoM Presence With Second Deepwater Contract

A consortium operated by the Chevron Corp. (NYSE: CVX) subsidiary, Chevron Energía de México, signed the license agreement with the National Commission of Hydrocarbons (CNH) for the contractual area AP-CS-G03 (Block 22) on May 7.

The consortium, which includes Pemex exploration and production and INPEX E&P Mexico, was awarded the rights to explore in Block 22 in tender 2.4 offered by the Mexican government on January 31, 2018.