CNH has approved PEMEX’s development plans for 10 fields, which total US$10.5 billion in investments. Last Wednesday, CNH approved PEMEX’s plans to develop the shallow water Octli field through an investment of US$330.5 million to take the field from drilling to decommissioning by 2039.
This is the tenth early production field development plan […]
by Pedro Alcala
Global politics made an impact on Mexico’s oil prices this week as the US-China trade war was reignited. Nationally, SENER announced that Dos Bocas will bring a financial return to Mexico with five of six construction packages awarded.
Don’t miss this week’s Interview of the Week with Michael Ross, Vice President and Country Manager Mexico […]Continue Reading →
It has been six years since the implementation of the Energy Reform and for Sergio Pimentel, Commissioner at CNH, it is time to stop talking about it. “A reform implies something new, which is not the case for this legal framework anymore,” he said during the closing speech of Mexico Oil & Gas Summit 2019 […]Continue Reading →
Just one day after the publication of the eagerly awaited PEMEX Business Plan, Miguel Ángel Maciel Torres, Deputy Minister of Hydrocarbons at the Ministry of Energy, opened Mexico Oil & Gas Summit 2019 on Wednesday at the Mexico City Sheraton María Isabel Hotel.
In his presentation, titled The New Government’s Energy Vision, Maciel Torres highlighted […]Continue Reading →
Amid uncertainty concerning PEMEX’s credit rating in the near future, President-Elect López Obrador’s team and the incumbent administration are laying the groundwork of the country’s energy policy transition. Meanwhile, the US concluded its second oil and gas lease in the GoM of 2018 and its oil companies are facing higher production costs.
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There is no denying that shallow waters are Mexico’s forte. At the height of its production boom, the Cantarell complex was producing 2.1 million b/d, ranking it the second-fastest producing field in the world. The knowledge and experience of the service providers that worked with PEMEX in shallow waters will be invaluable to the new […]