Pemex needs to start producing in new areas to recover its poor metrics in this regard. The company is optimistic about the Ek and Balam production potential. The company presented its development plan for these fields.
The NOC will seek to maintain its financial discipline and strengthen its relations with suppliers to regain stability, said Procurement and Supply Director, Miguel Ángel Servín.
Presidential elections are very close, and a left-wing candidate is leading the polls. This has generated concern for the future of Energy Reform. Carlos Treviño, CEO of Pemex spoke about the reform, and his concerns about this issue.
Pemex had high expectations for an offshore platform on the coast of the State of Campeche, but the company could not start operations in this facility. The Superior Audit of the Federation (ASF) published a report on this issue.
Pemex aims to sign several associations to recover its poor performance in the medium and long term. The company has big expectations in the Nobilis-Maximino and Ayin Batsil blocks, but the NOC could not find a partner to develop these areas. Carlos Treviño, CEO of Pemex, talked on this issue and the alliances strategy.
Pemex managed to recover its performance in oil exports, after these fell sharply in 2016 as a result of low oil prices. However, the company started 2018 with mixed results, as exports increased compared to same period last year, but decreased compared to December 2017.