Hokchi Energy is a Mexican oil and gas firm, subsidiary of Argentina-based Pan American Energy LLC, which began work in the Hokchi marine area of the Gulf of Mexico following Mexico’s 2013 Energy Reform. Hokchi has an international vision, focused on productive and efficiency, technological innovation, operational safety, natural preservation of the areas it operates in and social responsibility.
Hokchi is one of the private firms that has managed to take advantage of the newly opened opportunities for oil and gas in Mexic following the 2013 Constitutional Reform of the energy sector. It operates in the Hokchi field in the Gulf of Mexico, off the coast of the state of Tabasco. In 2015, it was one of the first companies to receive approval for an Evaluation Plan. Between 2015 and 2017, Hokchi drilled several wells in the field as part of its evaluation, completing this work several months ahead of the schedule set by the National Hydrocarbons Commission. This allowed the firm to present its Development Plan to the NHC in 2018.
The National Hydrocarbons Commission approved Hokchi Energy’s Development Plan for $2.5 billion in investment in the Hokchi field in May 2018. Hokchi is the first private operator to receive authorisation of this kind since the Energy Reform in 2013. This plan involves the installation of two platforms, seven producing wells and seven injectionswells, as well as the construction of an onshore processing plant in the state of Tabasco. The construction of this infrastructure will generate approximately 1000 jobs, and lead to the creation of 200 permanent jobs once the facilities become operational in 2020. Pan American Energy predict that Hokchi’s operations in this region will produce 147.8 million barrels of oil and 45.4 trillion cubic feet of gas.
HOKCHI ENERGY'S AREA OF OPERATION
Hokchi’s operations are an exciting investment in Mexico that we anticipate will yield great results, and we are delighted to welcome them to the British Chamber of Commerce in Mexico. To learn more about Hokchi Energy, visit their website at: http://hokchienergy.com/