Hopes for a Mexican Easter Miracle

Add to Basket £499.99 inc VAT

Hopes For an Easter Miracle in Mexico — Reforms For Pemex & New Opportunities

Although endowed with a massive reserve potential, Pemex has struggled to maintain production levels and, to date, has relied on EOR efforts at its giant offshore fields to slow overall production decline. Its financial position has been too strained to invest in the exploration of Mexico’s deepwater plays and truly increase production. As a result, all eyes are on the new reform package, but its eventual success will depend on the strength of subsequent secondary legislation to be passed in April this year. Pemex' ability to seal framework agreements with several IOCs even before the enactment of the secondary legislation clearly provides grounds for optimism, though.

Please purchase or subscribe to this report to continue reading or log in if you have already done so.

Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.