The National Hydrocarbons Commission (CNH) tendered 29 blocks last Wednesday in the Round 2.4. The results of this auction surpassed the government’s expectations, managing to award several blocks. Major industry players participated actively in this round.
Alfa, through its subsidiary Newpek, and Jaguar Exploración y Producción (JEP), which is part of the Topaz and Cydsa investment fund, took a leading role in Mexico’s energy market after financing important projects.
The Mexican Association of Hydrocarbon Companies (Amexhi) said that if Pemex maintains the investment levels it has in recent years, it will require 15 successful rounds and an investment of US$640B by 2040 to achieve a production of 2.8mmbd.