According to energy consultant firm Rystad Energy, global reserve replacement rates will only reach 11% during 2018, showing that out of every ten barrels extracted, only 1.1 barrels were found through E&P activities.
According to energy consultant firm Rystad Energy, global reserve replacement rates will only reach 11% during 2018, showing that out of every ten barrels extracted, only 1.1 barrels were found through E&P activities.
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.
Horacio Zárate Acevedo, President of the Mexican Council of Energy and Petrochemicals, spoke about Veracruz’s potential in natural gas production and reserves.
Mexico is looking to recover its oil production through several projects and unconventional fields are a very attractive option. However, problems are beginning to emerge in developing this type of project in some regions of the country.
There are many expectations about the potential of natural resources of the Mexican side of the Gulf of Mexico. The Autonomous National University of Mexico (UNAM) announced an important measure to learn more about this natural environment.
The Mexican energy sector is going through a boom of international interest, thanks to Energy Reform and its enormous potential. The National Hydrocarbons Commission (CNH) recently published the reserves and prospective resources of Mexico.
Mexico, the US and Cuba reached an agreement on the borders of the Gulf of Mexico and the ratification of this agreement is in process.
Professor at the Technological Institute of Monterrey (ITM), Aurelio Callado, said that Pemex does not have the investment capacity to develop the Cosamaloapan well, which will benefit companies but not Mexico.
Uncertainty about the future of Nafta Agreement and the investor protections it guarantees could jeopardize future investment in Mexico’s oil industry, including next year’s Round 3.
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