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.
This is how the Ministry of Finance and Public Credit (SHCP) is working to boost Pemex’s production.
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.’
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