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.
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.
Pemex received the most attractive oil fields in the country in Round Zero, with the commitment to make several investments in these areas and take advantage of their potential. However, the NOC has not fulfilled the commitments and the firm will need a huge budget to invest in these blocks.
According to Pablo Zárate, information director of Pulso Energetico newspaper, investing in Pemex and increasing its production could weaken it, because the firm has not achieved enough profitability to operate with good finances.
The National Hydrocarbons Commission (CNH) granted several production fields to Pemex in Round Zero with the commitment to make several investments. However, the NOC has not fulfilled with the agreements so far and the commission requested progress in key areas such as Chicontepec.