Pemex reported a historical low number of working rigs during 1Q17. Last year figures were bad, but were worse in the first quarter of 2017. Budget cuts and low oil prices are the main reasons for this critical situation.
The Ministry of Finance and Public Credit (SHCP) said that to choose the winners of Round 2, two variables will be considered:profits from royalties received by the State, as well as an additional investment commitment,.
The National Hydrocarbons Commission (CNH) participated in the “Perspectives and challenges of hydrocarbons exploration in a new business environment” conference. The commission talked about the industry in Mexico.
The NOC reported its results for 1Q17. Despite good financial performance, the company is still showing red numbers in production and international commerce. This time we will analyze the Pemex trade balance.
The National Hydrocarbons Commission (CNH) approved different modifications to the standard contract for Round 2.1 auctions. Among them, is the addition of an additional exploration period.