Pemex identified 10 potential risks included in its 2019-2023 Business Plan, that can jeopardize its goals.
President Andres Manuel Lopez Obrador (AMLO) insisted on the need to build a new refinery in the country, even though experts have shown the inconvenience and high costs of this project. This week, Pemex made headlines, after talking about the project’s risks.
The National Hydrocarbons Commission (CNH) approved the modification to the Development Plan for the Abkatún field (Campeche).
Pemex left farm-outs out of its Business Plan. This is what the firm will do instead.
The Mexican government has announced fiscal reductions to help solve the Pemex crisis. The company reported a reduction in its contributions to the state, but this behavior has been explained by internal factors.
The government announced the much awaited Business Plan that the NOC will follow in the coming years. Here is what experts had to say.
Pemex has announced the development of 20 “star fields”, and the firm expects to substantially increase its oil production in the medium term. However, the company plans to develop more fields this year.
Mexico has been waiting for Pemex’s business plan for a long time, and this has generated much speculation. Finally, Andres Manuel Lopez Obrador (AMLO), President of Mexico, presented the business plan. This news had an impact on Pemex bonds.
Pemex announced the National Hydrocarbons Plan (PNH) with challenging goals. However, the NOC has reported few advances in its drilling plans.
Pemex will invest US$58M to drill a new exploratory well in Tabasco, the National Hydrocarbons Commission (CNH) said.
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