Pemex published extraction figures for December 2018, achieving a slight increase compared to previous month However, the NOC’s production decreased compared to December 2017.
Mexico is looking for alternatives to increase oil production in the next six years and the Mexican Association of Hydrocarbon Companies (Amexhi) made an interesting production commitment with the government.
The NOC chose to invite companies to perform drilling activities in the Gulf of Mexico, as part of its plan to reactivate production metrics.
Pemex metrics continues to fall in terms of production, and there is no solution at least for the short term. In fact, bad news keeps appearing for Pemex, as its main asset Ku-Maloob-Zaap is reporting even less production.
Andres Manuel Lopez Obrador (AMLO) decided to cancel indefinitely new oil rounds in Mexico, arguing that this has not generated positive results for the country. However, the National Hydrocarbons Commission (CNH) reported the production of the oil contracts from past rounds, with positive results.
Andrés Manuel López Obrador (AMLO) is determined to recover Pemex production as soon as possible. He announced a new drilling program to increase this metric and expectations are high.
Pemex published production figures for October, reporting a new decrease in this month. The firm had reported an increase in September, but the firm lost the ground gained this month, reaching historical low levels.
The Organization of Petroleum Exporting Countries (OPEC) warned about the country’s production levels.
Pemex continues to report poor operational metrics around the country. This situation has generated economic crisis in various oil producing areas and the southern region is one of the most affected.
According to Tabasco’s governor, Arturo Nuñez, the oil crisis ‘sank’ the economy of Tabasco, altering the state’s budget.
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