The possible development of unconventional projects has generated controversy in the country due to the concerns about these techniques. Andrés Manuel López Obrador (AMLO) has ruled out the implementation of fracking in Mexico. However, the Secretary of Energy (Sener) published its five-year plan, increasing the areas available for these projects.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, continues to announce measures to solve the financial and operational crisis of Pemex. Octavio Romero Oropeza, CEO of Pemex, spoke about the awarding of new oil contracts.
Enrique Peña Nieto (EPN), former President of Mexico, promoted Energy Reform with the promise of reactivating oil production in a short time. His government made three Rounds signing several contracts, but few agreements have given results so far.
Andrés Manuel López Obrador (AMLO) gave a major oil and gas policy speech (in Campeche of course) where he set the goals for his presidency and suggested private investment might have a role, but only if it ‘behaved well’.
Pedro Joaquín Coldwell, Secretary of Energy (Sener), spoke about the oil rounds benefits in terms of production and reserves in the medium and long. Mexican authorities are optimistic about the oil sector, thanks to the new market players.
Pemex received the most attractive oil fields in the country in Round Zero, with the commitment to make several investments in these areas and take advantage of their potential. However, the NOC has not fulfilled the commitments and the firm will need a huge budget to invest in these blocks.