The Federal government continues to show its teeth as it investigates oil and gas contracts awarded after the Energy Reform. In the meantime, private players continue the race to strike black gold and some are discovering resources already. PEMEX, meanwhile, is handing out service contracts to bump up its production as soon as possible.
The Energy Reform has diversified the Mexican fuel market, and CEO of OXXO GAS, Manuel Filizola tells us how it has become one of the strongest players in the market, with more than 450 gas stations. Check out the interview of the week here!
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PEMEX Looks for Allies
PEMEX is ready to boost its numbers and to do so, it needs a little help from its private sector friends. The first phase of the plan includes 21 gas and crude tenders through service contracts (CSIEE). The call for proposals will begin Nov. 26 and the tender will be in June 2020. Through these contracts, the service providers will have to provide 100 percent of the investment and operational costs, lasting 15-20 years.
The first tenders will be in these four blocks:
- Tamaulipas Constituciones
- Rodador-Cinco Presidentes
Private Sector Under Magnifying Glass
Shell, Chevron, Repsol and Equinor have found black gold at their Blacktip exploratory well in the Gulf of Mexico’s deepwaters. This is its “second material discovery” in the Perdido Corridor and is located in 6,200ft of water.
President López Obrador has a new mission and it involves the analysis of petroleum production in Mexico, both PEMEX and private players. AMLO states that private players produced only 0.23 percent of the national production between 2015 and 2019.
Vista Oil and Gas is flaunting its shale production in the Vaca Muerta Basin in Argentina. It reported a peak production of 6,500 BOE.
After President López Obrador’s morning conference disclosing the most expensive gasoline stations in Mexico, ONEXPO asked that the federal government take into consideration external factors such as quality of additives, image, lighting, safety and customer service.