Companies that obtained contracts in Round 1 have great challenges to face in the Mexican hydrocarbons sector. They reach a market that had a monopoly of decades and every change is tough to face.
Mexico’s Energy Reform achieved a milestone this week; for the first time, Argentina-based Pan American Energy (PAE) — a non-Pemex operator– started to drill in the Hokchi-2 well.
Part of Pemex’s business strategy lies in transforming PMI — Pemex’s commercial arm — into a global player that will no longer be exclusive to the brand itself, but will continue to maintain it as a priority.
Mexico will have to increase its transportation, reception and oil storage capacity by at least 72% to start operation of the 11 offshore exploration and production licenses in the Gulf of Mexico as well as the association contract for Trion.