Pemex announced the discovery of new oil deposits on the coasts of Tabasco recently. The refining sector could be one of the main beneficiaries of this news.
Pemex has reported little exploratory activity in recent years, affecting its reserves and oil production metrics. However, the NOC recently announced a large light crude oil discovery . Experts talked about this announcement.
After sending ‘go away’ messages to the industry during his campaign, AMLO confirmed that he will seek to improve production levels in Mexico together with foreign firms.
The National Hydrocarbons Commission (CNH) granted several production fields to Pemex in Round Zero with the commitment to make several investments. However, the NOC has not fulfilled with the agreements so far and the commission requested progress in key areas such as Chicontepec.
The Mexican side of the Gulf of Mexico has generated high expectations in terms of oil exploration and production. However, offshore projects represent major environmental, operational and economic challenges, but the industry is progressing satisfactorily on these issues.
The National Hydrocarbons Commission (CNH) had planned an auction of unconventional areas for this year, but the entity decided to postpone it for the next government to analyze it. However, it seems like Andres Manuel Lopez Obrador (AMLO) has already made a decision on this issue.