NOTES:
Sierra Oil & Gas signed an agreement to be integrated into Deutsche Erdoel México, a subsidiary of Deutsche Erdoel AG (DEA AG). The transaction will result in a combined portfolio of ten exploration blocks and one onshore production block with expected capital investments of more than 2 billion US dollars over the next five years. DEA AG will participate in the drilling of 9 offshore exploration wells and to the development of Zama, a discovery expected to contribute significant oil production in Mexico, through the agreement. The transaction contains an expected closing date in the first half of 2019.
REGIONS:
Gulf of Mexico - Mexican Waters
