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Exploration

Mexico improved its geological data

Mexico knew that round 1.4 was important for the future of its hydrocarbon industry. To ensure the success of the bidding, the government invested in technologies to improve the geological data.

Tuesday, December 6th, 2016
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Coldwell: energy sector will receive US$50B in 2017

By July 2017 Mexico’s energy sector will receive a large investment as a result of Energy Reform. The money will be directed to electricity, gas pipelines and oil.

Pedro Joaquín Coldwell, secretary of Energy said that the energy sector will receive US$50B.

Thursday, November 17th, 2016
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Rigs keeps falling

Rigs keeps falling

Pemex reported only fifteen rigs working during 3Q16. Compared to the same period last year, it means a 75% decrease, according to Pemex database. The State-Company used 5 rigs for exploration and 10 to development wells.

Friday, October 21st, 2016
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CNH Authorizes exploratory works in the southeastern Mexico

The National Hydrocarbons Commission (CNH) approved that the company Seismic Enterprises México to carry out reconnaissance exploration activities in areas bordering the states of Veracruz, Tabasco and Campeche, according to a report in Noticias MVS.

Tuesday, September 20th, 2016
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Pemex discovers oil deposits

Although public investment in the oil industry fell 35.5% in 2016, Pemex has achieved to discover some crude deposits. These are located on the coast of Tabasco and near the Cantarell complex.

Friday, September 9th, 2016
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Worldwide Oil discovery in 2015, the lowest since 1947

Low oil prices have forced companies to make budget cuts which has seriously affected exploration projects.

According to Economía Hoy, 2.700 mmbbl were discovered worldwide in 2015, this figure is the lowest since 1947. These oil discoveries represented one-tenth of oil found annually on average, since 1960.

Thursday, September 8th, 2016
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CNH confers exploration licenses

The National Hydrocarbons Commission (CNH) has approved 36 permits to explore the Gulf of Mexico, during 2016. According to a report in Milenio, these authorizations belong to 15 oil-companies. They will undertake 2D and 3D seismic studies.

Tuesday, September 6th, 2016
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How many rigs are exploring in Mexico?

How many rigs are exploring in Mexico?

One of the main consequences of the oil crisis is to stop exploring projects. In Mexico, this activity has fallen too much. We set the task of finding out how many rigs are currently working on exploration. Data found is very troubling.

Thursday, July 28th, 2016
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Pemex is going to explore a new well

Pemex will start drilling the well bounding Tetlel-DL with the aim to reclassify the possible and probable reserves.

The National Hydrocarbons Commission (CNH) approved the drilling of this well in recent days, after reviewing the application submitted made by Pemex.

Wednesday, July 27th, 2016
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