Mexico`s Cotemar sees $200 mln investment in oil projects by 2018
(WorldNews Mexico)

Mexican oilfield services provider Cotemar plans to invest at least $200 million in two oil projects by the end of 2018 as it starts to operate fields on its own, a move made possible by sweeping energy reforms, the firm`s top executive said in an interview. Cotemar CEO Alejandro Villarreal told Reuters the company expects to grow output to 20,000 barrels per day by next year from two onshore blocks discovered by national oil company Pemex but won by Cotemar`s upstart oil unit at auction in 2015. ......