The Exploration and Production Integral Services Contracts (CSIEE) modality, announced as part of Pemex’s Business Plan, will not be an issue for Mexico’s Marinsa, Strategy Director, Sergio Suárez, said.
Pemex announced its financial and operational results for the second quarter of this year, highlighting actions to stabilize production, thanks to its business plan. However, the company had poor overall performance in its financial results.
Pemex is facing a difficult operational and financial situation, which has affected its oil and natural gas production metrics. However, the NOC plans to offer service contracts to develop natural gas projects in the State of Nuevo Leon.
Energy Reform allowed the entry of new players to the Mexican oil sector, but authorities awarded the best areas to Pemex in Round Zero anyway. The NOC promised to make large investments in these blocks, but has not been able to meet its commitments.