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.
The NOC just announced its most recent investment, to develop a project in Tabasco. Here are the details.
Italy’s Eni announced investments to develop offshore projects in the Gulf of Mexico. Here are the details.
Pemex will invest US$58M to drill a new exploratory well in Tabasco, the National Hydrocarbons Commission (CNH) said.
The NOC is getting ready to start developing 20 new areas; something that might create a deficit in the country’s qualified personnel numbers even though it will help boost its metrics.
The National Hydrocarbons Commission (CNH) approved the Development Plan presented by Pemex Exploracion y Production (PEP) for the Uchbal field.
According to official data, foreign firms have been advancing on the development of oil projects, while Pemex seems to be ‘stuck.’
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.
Pemex said that the President’s refinery plan is viable, despite its high financial and environmental risks. The development of these and more stories in our periodic Eco summary.
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