Pemex with Mexican Authorities have been working to create an attractive Joint Operation Agreement (JOA) to big Oil-Companies, with the aim of developing the Trion field. There are only two months to the bid.
The first Oil-Company to win contracts to explore and produce hydrocarbons in Mexico, after the opening of the sector, has big goals in the country. Sierra Oil & Gas seeks to have no less than 500mmbbl in reserves, according to a report in Expansión.
The State-Company will continue the oil exploration and extraction activities in Chicontepec next year. According to the Budget Expenditure Project of the Federation (PEF) 2017, Pemex will invest MXN$2.7B in oil works in the municipalities of Francisco Z. Mena, Pantepec and Venustiano Carranza.
Some Companies from the United Kingdom (UK) want to harness the Energy Reform and expand their business to Mexico. There are 10 interested companies.
Within the Economic Package for 2017, the Secretariat of Finance and Public Credit (SHCP) request a modification to the General Law of Rights, which would force Pemex to pay customs duties, according to a report in El Financiero.
The National Hydrocarbons Commission (CNH) approved to transfer two contracts to shared mode with the aim of reducing the tax burden currently Pemex has.