Wintershall Dea completed the acquisition of a 37% stake in Hokchi Block from PAE-backed Hokchi Energy.

Wintershall Dea, an independent natural gas and oil company, completed the acquisition of a 37% stake in Hokchi Block from Hokchi Energy, a Mexican subsidiary of Pan American Energy, an exploration stage company. Financial terms were not disclosed. “The interest in the producing Hokchi field is an excellent complement to our strong, balanced portfolio in Mexico, which includes prospective exploration assets, key development projects such as Zama and Polok, and our operated Ogarrio field. We look forward to now starting the joint work of further developing the field with operator Hokchi Energy," Martin Jungbluth, Wintershall Dea Managing Director in Mexico.