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“We have called this press conference today to announce the discovery of a new oil reservoir in deepwater Gulf of Mexico.”

Jaws dropped; rumours confirmed; verification received: Pemex is doing a great job in deepwater exploration.

Five and a half weeks ago, people involved [...]

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Aftermath of the CMP 2012

On September 21, 2012 By

Last week, as you probably figured out from your multiple visits to our stand and the activity from our Twitter account, we were at the Congreso Mexicano del Petróleo 2012. In what was the biggest petroleum congress ever in Mexico, according to the organizer committee and its President, Dr. Guillermo Domínguez, [...]

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In a major blow to Pemex, on May 18th the CNH issued a report that rejected the NOC’s development plan for its Lakach project, citing both technical and financial issues with the project. Lakach is one of Pemex’s largest discoveries in the last five years, adding 268.5 million barrels of oil equivalent (boe) to [...]

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Yesterday, the Wall Street Journal reported that Juan Carlos Zepeda Molina, President of the CNH, believes that neither Pemex nor the Mexican oil regulator is prepared to deal with the consequences of an ultra-deepwater oil disaster.

The comments come as Pemex prepares to drill two ultra-deepwater exploration wells this year, part of the six deepwater [...]

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For integrated oil and gas companies, particularly NOCs, the choice between exploring for oil or gas is an easy choice to make. Since the global demand for gas has dropped, companies often prioritize oil exploration and production in order to maximize profitability. Pemex is no exception, and its levels of gas flaring (although currently improving) [...]

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