2.86%QQQQ 27.10 2.55%UYG 5.09 3.96%
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HOUSTON - Key Energy Services Inc., a rig-based well service company, said Thursday its Mexican unit received a $68 million contract from Pemex for field production and well workover products and services.
| KEG | 3.87 |  -0.42 |
The two-year contract will initially concentrate on Mexico's Poza Rica-Altamira oil wells and Cerro Azul assets.
Key Energy Services de Mexico will be responsible for providing four well service rigs and will also install five of its KeyView systems on Pemex-owned well service rigs. The pact includes an option for Pemex to request additional rigs and systems.
Key also has an existing contract with Pemex, Mexico's state-owned oil company, worth $46 million.
Shares of Key Energy rose a penny to $14.87 in morning trading.
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