Mexican authorities said that thanks to the Energy Reform large investments reach to the country but apparently it will not be as expected. Secretariat of Energy declares that investments will be a 64.23% lower than projected.
Pemex cut daily rent rates of Oro Negro Drilling´s equipment and will suspend two rigs for one year, according to a press release. The amendments are subject to approvals and the companies expect to implement them in the coming weeks.
The company of oil exploration NXT is seeking an alliance with Pemex and private companies to use its technology in the search for oil in the Mexican underground, according to a report in Reforma. The company has latest technology for finding new oil fields.
The participation expectations of oil-companies have not been met for the National Hydrocarbons Commission (CNH), due to it has been very low.
According to a report in Millennium, the CNH will evaluate whether postpones auction of Trion field, which is initially planned for next December 5th.
Fieldwood is planning to drill on the Mexican side of the Gulf of Mexico next year, with the aim of starting production in 2019, acording to El Financiero.