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.
For Fluvio Ruiz Alarcón, new director of Pemex Exploracion y Produccion (PEP), increasing Pemex’s production implies a call to develop unconventional resources.
Pemex published the number of drill rigs in operation during June 2018. This important metric is still at historically low levels, but the company reported an improvement.
Geologists from the National Polytechnic Institute (IPN) are working on the exploration of new deposits in the Mexican subsoil.
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.
One of the main goals of Energy Reform was to promote oil exploration in the Gulf of Mexico and the government has advanced satisfactorily in this process, positioning the country as one of the most attractive ones in this area.
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