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One of the biggest conundrums that the Mexican oil industry poses for the expert analysts that follow it closely is the obligation that Pemex has to operate by itself. This has always presented an added challenge to all of the already existing technical and red tape obstacles that the company has to overcome on a [...]
Continue Reading →Between 2007 and 2010, Pemex spent around $1.8 billion USD on deepwater exploration, accounting for roughly 24% of the company’s total exploration investment during the period. Much of this money was spent on acquiring seismic data and drilling wildcat wells. As a result of its ramped up seismic acquisition programme, Pemex now collects [...]
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