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.
Latin American countries want to boost their oil sectors by offering blocks for exploration and production. The governments of Latin America open their doors to private investment in the oil industry, after years of monopolies.