There are 23 firms that have already paid the US$440,000 cost of accessing seismic data from the 15 fields of the Quetzalcoatl Belt and the Salto Isthmus off the coasts of Veracruz, Tabasco, and Campeche.
Wells drilled in Mexico reported an increase in 4Q16 compared to the quarter. But, comparing current data with previous years the figure is historically low, according to the Energy Information System of the Energy Secretary (Sener).
Standard & Poor’s Global Ratings assigned a ‘BBB+’ rating to Pemex’s new senior unsecured notes, for a total of €4.3B.
Mexican oil revenues accounted for only 16.3% of the country’s finances in 2016, for a total of MXN$789.7B; a 9% reduction compared to 2015.
Pemex announced it would be responsible in case fuel theft takes place in its transportation infrastructure. However, according to the CRE, if the NOC proves it did everything to prevent it from happening, companies would not be compensated.
One of Energy Reform goals was to attract investment to improve the sector’s infrastructure in Mexico. The Energy Regulatory Commission (CRE) announced that gas pipeline investments have advanced satisfactorily.