Pemex announced its business plan for the next years, generating few positive expectations in the markets. However, the NOC announced a decision on a deep-water offshore project, sending a positive message to investors.
The Mexican government has taken several measures to solve the Pemex crisis and increase investment levels in key fields. The National Hydrocarbons Commission (CNH) said that the NOC will invest in one of the most important blocks in Mexico.
Pemex has great expectations for the Ixachi field development, considered its “star block”. The arrival of Andrés Manuel López Obrador (AMLO) to the Presidency of Mexico, generated many changes in the NOC plans and the investment budget for this field changed considerably in recent weeks.