The Mexican government granted several blocks in Round Zero to Pemex to guarantee that the company continued to be the main player in the oil sector after Energy Reform. The company also acquired goals for these blocks but the firm has failed to meet most of them.
Pemex has had low operating and financial revenues in recent years. The Mexican government created Energy Reform to help recover the company’s metrics and boost the Mexican oil sector. Pemex is very optimistic about its financial performance for the coming years.
The Secretary of Energy (Sener) reported exploration and development wells drilled figures during second quarter of this year. This metric showed a rise compared to the prior quarter, but current figures are low, compared to previous years.
Pemex has been unable to stabilize its gas production in the country and imports have gained share to supply local demand. Non-associated gas production is falling swiftly and associated gas as well, but more slowly.
Pemex extraction figures are getting lower and this tendency will continue at least in the short and medium term. The NOC continues to seek partners to address this situation.