Mexico’s Energy Reform achieved a milestone this week; for the first time, Argentina-based Pan American Energy (PAE) — a non-Pemex operator– started to drill in the Hokchi-2 well.
The State-Company has made eleven changes to the agreement for Trion field. The striking change is Pemex´s working interest (WI) reduction to 40%, according to a report in El Financiero. The oil-firm was requesting a 45% WI.
The participation expectations of oil-companies have not been met for the National Hydrocarbons Commission (CNH), due to it has been very low.
According to a report in Millennium, the CNH will evaluate whether postpones auction of Trion field, which is initially planned for next December 5th.
The National Hydrocarbons Commission (CNH) approved reducing 15 areas that were assigned to Pemex in the Round Zero, after the Federal Government determined that there are natural reserves that cannot be exploited.
The Secretariat of Finance and Public Credit (SHCP) announced the additional royalty values for the Trión block. According to Reuters, the maximum and minimum values are 4% and 3% respectively. On 5 December the bidding of this field will take place.
Secretary of Energy (Sener), the Secretary of Finance and Public Credit (SHPC) and the National Hydrocarbons Commission (CNH) in a statement made public the modifications of the model contracts and the bidding bases for exploration and extraction of hydrocarbons in the Gulf of Mexico.
Pemex has delayed the project in the Lakach gas field for various difficulties over the last years but according to a report in Imagen del Golfo, Mayor of Alvarado, Octavio Ruiz Barroso said that the company could restart this important plan in coming months.