Pemex announced the discovery of new oil fields last week, and some of these areas had already been announced a few years ago, but the lack of budget had not allowed developing them.
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.
Jose Antonio Escalera Alcocer, Director of Pemex Exploracion and Produccion (PEP), spoke about Mexico’s oil potential, the next Federal Administration and Pemex’s budget needs.
The National Hydrocarbons Commission (CNH) wants to promote new natural gas exploration and production projects in Mexico to take advantage of the country’s potential in this issue.
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.
Without an apparent justification and with a price below its commercial value, Pemex let go of its participation in the ‘Ramones Phase I’ project, said the Superior Audit of the Federation.
Pedro Joaquín Coldwell, Secretary of Energy (Sener), spoke about the oil rounds benefits in terms of production and reserves in the medium and long. Mexican authorities are optimistic about the oil sector, thanks to the new market players.
Pemex created a large gas processor complex called ‘Ciudad Pemex’ in 1958 in the state of Tabasco. This area was a great emblem of economic prosperity and development for the region, but this situation has changed in recent years.
Carlos Treviño, CEO of Pemex, talked about the company’s plans about oil imports and the quantity to bring to Mexico. He pointed out that this crude will be sent to its main refineries in the country.
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