The election of Andres Manuel Lopez Obrador (AMLO) created much concern about the future of oil rounds in Mexico. The National Hydrocarbons Commission (CNH) talked about this situation and the auctions scheduled for next year.
The National Hydrocarbons Commission (CNH) has been planning a round of unconventional blocks in Mexico, with high expectations about the interest and results of this auction. However, the prequalification process has not had the interest expected from private companies.
Pemex plans to offer new farm-outs to improve its operational and financial metrics. The National Hydrocarbons Commission (CNH) will offer other blocks as well. The Secretary of Finance and Public Credit (SHCP) announced the conditions for these new auctions.
Pemex is the company with the most infrastructure available in the country and the firm wants to leverage this situation, thanks to Energy Reform. The NOC announced a new auction to make part of its infrastructure available.