Baker & Associates Announces Upcoming Multiple Service Contracts Conferences; Pemex's Upstream Conferences to Motivate Oil Companies.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Sept. 3, 2002 "The likelihood that oil companies will be motivated to participate in international tenders in Mexico is increasing," says George Baker George Baker may refer to:
The industry conference of June 20-21, 2002, had about 500 attendees. The next conferences will host about 100 delegates from some 50 companies. The first of two follow-up industry conferences on Pemex's "Multiple Service Contracts" (MSC (1) (MSC.Software Corporation, Santa Ana, CA, www.mscsoftware.com) Founded in 1963 by Richard H. MacNeal and Robert G. Schwendler, MSC is the world's largest provider of mechanical computer aided engineering (MCAE) strategies, simulation software and services. ) will take place in Veracruz Sept. 4-5, 2002, and will focus on legal issues. Pemex conference schedules are posted at www.msc.pemex.com. The purpose of the seminar is to dispel doubts about the legality le·gal·i·ty n. pl. le·gal·i·ties 1. The state or quality of being legal; lawfulness. 2. Adherence to or observance of the law. 3. A requirement enjoined by law. Often used in the plural. of the proposed contractual framework. There will be proven reserves in each block to be tendered. "The contractor will commit himself to a ten-year program to develop the known natural gas reserves and other deposits that may be discovered," observes Baker, an industry expert. Pemex hopes for an increase of 1 Bcfd (billion cubic/day) of gas production within 3 years. Unlike most such contracts worldwide, the contractor will not be able to book reserves, nor will he be compensated as a function of successful production. Instead, he will be paid according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a schedule of reimbursable re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. expenses at standard costs during a given period. The revenue with which to pay such expenses will come from the sale of the incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. natural gas produced by the contractor. The initial area scheduled for this approach to attracting investments from international oil companies is the gas-prone Burgos Basin, located in northeast Mexico. This innovative scheme in a country that for decades has excluded oil companies has sparked ideological as well as legal controversies. The first Veracruz seminar is intended to give the prospective bidders confidence about the legal foundations of the tender and subsequent contracts. Next month's seminar, scheduled for Oct. 8-9, 2002, will be to convince companies that the contracts will let them make money. Baker & Associates is an energy consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that focuses on the oil & gas, power and chemical industries of Mexico. Mexico Energy Intelligence (MEI) is an industry newsletter published by the firm. MEI reports are available on-line at www.energia.com. |
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