Pemex wants to change the negative trend in its oil production as soon as possible, and expectations are focused in 20 priority fields. The National Hydrocarbons Commission (CNH) ruled on the development plan for two of these areas.
The government was heavily criticized after presenting Pemex’s Business Plan. The National Hydrocarbons Commission (CNH), however, announced important upcoming investments.
Pemex is facing a crisis in its oil production, as the company has been producing below 2,000mbd and it has many operational problems. The NOC announced a plan to develop 22 fields, generating little enthusiasm among experts. Concerns continue because its production is concentrated in only a few blocks.
Pemex CEO, Octavio Romero, spoke about the alleged progress his team has achieved this year, but figures show the opposite. The development of these and other stories in our periodic Security summary.
Xanab, one of Pemex’s most valuable assets, has been losing production consistently for the past years. Here are the details.
Pemex published extraction figures for June 2019, reporting an increase in this metric, compared to May. However, production levels remain far away from the goal of the government.
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.
President Andrés Manuel López Obrador (AMLO) argued that companies have not generated benefits for Pemex or for the national oil sector. New players are proving him wrong.
Pemex is developing a risky offshore project in the Gulf of Mexico, despite saying that it would concentrate its limited resources in areas where it has more experience.
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