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.
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.