Pemex has tried to offer part of its storage infrastructure on several occasions with poor results. However, the NOC announced a new open season, so that private firms can use its facilities.
The National Hydrocarbons Commission (CNH) announced that the 53 contracts that were planned for this year will be on standby until February 14th, 2019.
Pemex’ new director of Resources, Reserves and Associations, Ulises Hernadez, spoke of why the NOC is optimistic about Round 3.2.
This Round promises to be one of the most successful in terms of reserves, but social conflict could be its biggest threat.
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.
The National Hydrocarbons Commission (CNH) has made nine oil auctions since the approval of Energy Reform. The commission did not award all blocks, but these can still be offered in other tenders
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.
The National Hydrocarbons Commission (CNH) held a new oil round, exceeding authorities’ expectations again. Pemex was the big winner of this auction, as the firm managed to win several areas in partnerships.
Pemex has expectations to make alliances and open seasons this year. However, the NOC started on the wrong foot this year, at least on the issue of pipeline and storage auctions.
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