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.
The NOC does not rule out the possibility of operating the mega block won by the Talos Energy, Sierra Oil & Gas and Premier Oil consortium in Round 1. The block is the most important discovery since the start of Energy Reform and would have 2Bbl.
The National Hydrocarbons Commission (CNH) canceled the round to find a partner for Pemex and develop this important area, which was scheduled for January 31st, 2018.
Pemex expects to recover from its difficult situation and performance through alliances with private companies. The NOC aims to offer several farm-outs to achieve it and the Ministry of Finance plays a key role in this process. Carlos Treviño, New CEO of Pemex, talked on this topic.
The development of shale gas and shale oil projects in Mexico requires investments estimated at US$139M, but has only received 0.1% of that amount.
The oil corporation co-founded by Ian Telfer, Chairman of Canadian gold miner Goldcorp Inc, has big plans to develop in the country. Telfer talked about the company’s goals in Mexico in an interview with Reuters.