The government created Energy Reform with the goal of opening the oil sector to free competition and encouraging offshore and onshore exploration and production in the country. Authorities have been successful in this process so far.
The National Hydrocarbons Commission (CNH) signed association agreements with important foreign firms to develop two blocks in Mexico’s Southeast Basin.
The National Hydrocarbons Commission (CNH) revealed the operators and non operators that will bid for the Round’s 35 offshore areas.
This Round’s oil volumes are three times higher than the resources allocated in any of the previous processes.
The Ministry of Finance and Public Credit (SHCP) published the economic conditions for the first auction of Round 3. The entity said that these regulations seek to encourage investment and development of oil projects in the country.
The NOC left an important system and seven terrestrial terminals outside the process, and included three additional ones.
The president of the Mexican Association of Hydrocarbon Companies (AMEXHI), Alberto de la Fuente, spoke about Energy Secretariat’s (Sener) plans to launch a pilot tender for unconventional fields and about Mexico’s potential in this sector.
The transport of refined-products in the Gulf of Mexico is going through several problems. Low prices, Pemex’s crisis and lack of ships, among other issues are threatening the performance of this industry.
The National Hydrocarbons Commission (CNH) gave details about the companies that would participate in the Round, and about what they need to formalize their registration process.
The Mexican government created Energy Reform with the goal of boosting investment and recovering the energy sector’s poor performance. Hopes are placed on offshore projects in deepwaters of the Gulf of Mexico.
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