Mexico...What are we after mow ??31 Jul 2025 22:03
Pemex reported that at least 28 companies, including Carso Energy, Woodside Energy, BP, and Harbour Energy , are interested in participating in mixed development projects.
Angel Cid, Pemex's director of exploration and extraction , reported that a market survey revealed that at least 28 companies are interested in participating in 11 mixed development projects.
The executive explained that the 11 projects that are candidates for development, in conjunction with the private sector, are in various stages.
"There are projects in the initial development stage, as well as mature fields located in onshore, shallow, and deep water areas. A market survey has already been conducted, in which 28 companies have expressed interest," he described at a press conference with investors.
Among these companies are some considered "large" companies, others of medium capacity, and some service companies that could submit joint proposals.
Through the "Identified Mixed Development Contracts," Pemex estimates it will receive $8.06 billion in one-time payments for the contract awards.
The objective of the mixed contracts will be to offset the natural decline in hydrocarbon and gas production.
"The publication of the rules and the selection process will take place shortly," the executive announced.
Contracts signed with private parties must include rights, obligations, and decision-making mechanisms. They must also accept Pemex's ownership of at least 40%.
Among the oil companies that have expressed interest in participating in these investment schemes are Mexico's Carso Energy; Australia's Woodside Energy; Britain's BP; China's Sinopec; Britain's Harbour Energy; and Egypt's Cheiron. Mexican companies are also seeking to join forces to participate, such as Consorcio Petrolero 5M del Golfo, Chame, Diavaz, CESIGSA, and Jaguar Exploración & Producción.
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