Pemex is facing a difficult financial and operational situation, but has shown its optimism about the future, thanks to recent help from the government. The NOC announced its goals for proven reserves for the next five years.
The National Hydrocarbons Commission (CNH) approved Pemex Exploración y Producción’s (PEP) plans to develop a new area. Here are the details.
Juan Carlos Zepeda, President of the National Hydrocarbons Commission (CNH), suggested that Pemex to create a new subsidiary, following the Chinese model, to leverage the results of round zero.
As if the NOC did not have enough problems, authorities recently reported that what they catalogued as “physical investment” was drastically reduced this year.
Pemex partnered with the Diavaz Group to develop the Ebano onshore field. Here are details for the area’s investment plan.
The National Hydrocarbons Commission (CNH) approved the development plan of the Cahua field, aimed at increasing the country’s production.
The Inspector General (PGR) started an investigation to clarify irregularities in the statistics of Pemex’s clandestine taps. The development of these and other stories in our periodic Security summary.
President Andres Manuel Lopez Obrador (AMLO) has shown his optimism about Pemex’s future. Dinero en Imagen newspaper carried out an analysis on the NOC’s prospects for the next years.
Mexico has faced several gasoline shortages due to Pemex operational problems. The NOC has turned to imports to meet local demand, but it is having problems on this issue as well.
CEO Octavio Romero announced the investment plans for the Ixachi field, located 72km south of the Port of Veracruz. The NOC is optimistic about this project’s results over the next six years.
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