Mexico's Pemex Plans 200 Oil Wells In Southern District

Petroleos Mexicanos is seeking contractors to drill 200 oil wells in the southern district as the state oil company struggles to stabilize plummeting oil production.

Drilling is scheduled to start in early October and last for three years, according to documents on Compranet, the government procurement Web site.

Pemex has ramped up investments despite the oil price crash of late 2008 and early 2009, providing opportunities for oil services companies such as Halliburton Co. (HAL) and Schlumberger Ltd. (SLB) at a time when activity has slowed in major markets such as the U.S. and Canada.
CNN