The chess pieces continue to be arranged as the vacancies at CRE are filled and plans for the Dos Bocas Refinery and the national natural gas pipeline system come into focus. Winners of past Rounds continue their search for black gold with the fourth well to be drilled before fall 2019. This week’s interview of the week is with Matt McCarroll, CEO of Fieldwood Energy, where he discuses the operator’s goals in the Mexican market and their experience in the licensing rounds.

Ready to drill into the news? Here is your weekly roundup!

New Players, New Rules

The Senate rejected President López Obrador’s candidates for CRE once again so on April 4, the president used his executive power to assign them as commissioners. These are the four new commissioners of CRE:

  • José Alberto Celestinos Issacs
  • Guadalupe Escalante Benítez
  • Norma Leticia Campos Aragón
  • Luis Linares Zapata

PC Carigali will drill its first deepwater well before Aug. 11 of this year with an investment of US$92.8 million. This will be the fourth well drilled by a private player in Mexico after the Energy Reform.

CENAGAS wants to work with CFE to integrate the country’s natural gas pipeline system, both private and publicly owned. Elvira Daniel Kabbaz, Director of CENAGAS, announced it wants to manage the system and continue with Open Seasons in the future.

The Ministry of Finance has increased the fiscal stimulus of the IAPS for combustibles to reduce the price to the end user.

 

Giant Looks to Regain its Strength

PEMEX merged two subsidiaries and cut 375 jobs. PEMEX Perforacion and Servicios, part of PEMEX E&P, and PEMEX Etileno, part of PEMEX Transformacion Industrial were merged to reduce excessive and unproductive costs within the company. These savings will be used to finance other PEMEX  activities.

PEMEX has a new labor union against Carlos Romero Deschamps, leader of the Sindicato de Trabajadores Petroleros de la Republica Mexicana (STPRM). Sindicato Petroleros de Mexico (Petromex) stated that it already has 25,000 affiliates and that it wants to start a lawsuit against PEMEX and the federal labor entities.

The Dos Bocas Refinery will have formal proposals for its construction before April 18 with a budget of MX$160 billion. The four companies/consortiums that were invited to participate in this restricted tender are:

  • Bechtel and Technint
  • Worley Parsons and Jacobs
  • Technip
  • KBR
 
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