Pemex and the Mexican government have great hopes for the development of 20 priority fields to increase the country’s oil production in the short and medium term. The NOC disclosed production expectations in one of these fields.
Pemex was rumored to be planning to take control of the Zama field from Talos Energy, which made a significant discovery on the edge of its block, adjacent to an area belonging to the NOC. This created a controversy in the country and Talos announced an important decision on the mater.
Pemex announced its investment plans for the next few years, leaving aside deep-water projects. Carlos Salazar Lomelín, Director of the Business Coordinating Council (CCE), spoke about the interest of private companies to invest in these projects.
The Mexican government and Pemex announced the development of 22 priority fields as the main strategy to increase oil production in the short and medium term. Octavio Romero Oropeza, CEO of Pemex, announced that one of these fields will begin operations soon.
President Andres Manuel Lopez Obrador (AMLO) announced the development of 20 priority fields as the main strategy to increase the country’s oil production. Pemex confirmed the investment budget for 16 of these areas.
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.