Enrique Peña Nieto, President of Mexico, spoke about the Mexican oil sector and its prospects for the future. He is optimistic and stressed the importance of Energy Reform to boost the industry.
The deadline given to Pemex to develop the fields that the government granted it in 2014 will expire in August. However, the Energy Secretariat (Sener) is considering giving the NOC more time to achieve its commitments.
The Federal Government has high expectations for the results of Energy Reform implementation in the country. The oil sector was very important for the State finances, but low oil prices and Pemex problems affected it. The Mexican Association of Hydrocarbons Companies (Amexhi) talked about the sector’s needs.
The Federal government made a big bet in the Energy Reform to boost the oil sector. It had many critics at the beginning, but the results of past rounds were very positive. Pedro Joaquín Coldwell, Secretary of Energy, talked about the reform and its prospects.
Round 2.1 results were very positive for the Mexican government. Expectations were high and participants fulfilled these. The National Hydrocarbons Commission (CNH) highlighted the number of offers per block in this round.
The government created Energy Reform to boost the sector and help Pemex overcome its financial crisis. There were many critics of this process, but it has generated positive results for the country in a short time. The Mexican Institute of Finance Executives (IMEF) wrote an article about its opinion of the Reform.