Chevron, Exxon, BP & Pemex: Mexico Oil Project Revival Talks
- Large international companies such as Chevron,Exxon Mobil and BP,along with Mexican firms like Diavaz,Opex and Jaguar,are in talks with the Secretaría de Energía (Sener) and Petróleos Mexicanos (Pemex)...
- According to information published by EL CEO, based on sources in the sector, the proposals have already been presented to the Secretary of Energy, Luz Elena González...
- Combined, the potential production would be around 200,000 barrels per day, a volume similar to that expected from the mega-field Zama, where businessman Carlos Slim participates.
México could open a new stage in its oil industry. Large international companies such as Chevron,Exxon Mobil and BP,along with Mexican firms like Diavaz,Opex and Jaguar,are in talks with the Secretaría de Energía (Sener) and Petróleos Mexicanos (Pemex) to join projects for the exploration and extraction of hydrocarbons,mainly in offshore fields.
According to information published by EL CEO, based on sources in the sector, the proposals have already been presented to the Secretary of Energy, Luz Elena González Escobar, and contemplate developments that will require private capital and could contribute between 22,000 and 50,000 barrels per day per field.
Combined, the potential production would be around 200,000 barrels per day, a volume similar to that expected from the mega-field Zama, where businessman Carlos Slim participates.
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Las fuentes citadas por EL CEO señalan que las compañías han manifestado interés en campos ubicados principalmente en aguas someras, donde el desarrollo técnico es más viable y los tiempos de producción pueden ser más cortos que en proyectos de aguas profundas.
¿Cuánto petróleo podrían producir estos proyectos?
Table of Contents
- ¿Cuánto petróleo podrían producir estos proyectos?
- ¿Bajo qué tipo de contratos podrían operar estas empresas?
- ¿Qué está pasando con los contratos mixtos impulsados por el gobierno?
- Why haven’t these contracts been attractive to major oil companies?
- What would it imply for Mexico if Chevron, Exxon and BP entered?
- Mexico’s IMSS Achieves Record-High Affiliation in December 2023
Las propuestas planteadas ante Sener contemplan distintos campos, no todos con el mismo potencial. Sin embargo,los rangos estimados son claros:
- Pemex enfrenta retos financieros y operativos importantes,y el gobierno federal ha señalado que necesita nuevas inversiones para sostener la producción de petróleo y gas en el mediano y largo plazo.
- their combined contribution is estimated at around 40,000 barrels per day.
- Recieve fresh capital for exploration and extraction.
- Increase crude production in shallow waters.
- Relieve some of the pressure on Pemex.
- Buy time to face the structural challenge of its oil industry.
- Total Affiliation: 21,180,846 workers
- Year-over-Year Increase: 3.4% (708,646 jobs)
- Increase compared to November 2023: 33,449 jobs
- Services: 13,149,899
- Commerce: 3,414,961
- Manufacturing: 4,417,846
- Construction: 1,044,199
- agriculture, Livestock, Forestry, Hunting and Fishing: 78,799
- Social and Community Services Provided by Private Institutions: 175,142
Estos posibles acuerdos se inscriben en el marco de la reforma energética que entró en vigor el año pasado, con la cual el gobierno abrió la puerta a una mayor participación privada, aunque bajo esquemas donde el Estado mantiene un papel central.
¿Bajo qué tipo de contratos podrían operar estas empresas?
Hasta ahora, no se ha definido públicamente bajo qué modalidad participarían las compañías, en caso de recibir el visto bueno de Sener y Pemex.
lo que sí se sabe, según las fuentes consultadas, es que estarían sujetas a los tipos de contratos previstos en la reforma energética vigente, la cual busca combinar inversión privada con control estatal.
Este punto es clave,ya que el diseño de los contratos ha sido uno de los factores que más ha influido en el interés -o desinterés- de grandes petroleras por operar en México.
¿Qué está pasando con los contratos mixtos impulsados por el gobierno?
That figure represents only 2.2% of the national goal of 1.8 million barrels per day set by the federal government.
Why haven’t these contracts been attractive to major oil companies?
Experts cited by EL CEO point out that the low interest of major international players is largely explained by the level of risk of the mixed contracts.
Under these schemes, private companies would not have control of the project, which limits their decision-making capacity regarding investment, operation and capital recovery. According to sector analysts, this reduces the financial attractiveness compared to other countries where contractual conditions are more flexible.
What would it imply for Mexico if Chevron, Exxon and BP entered?
If negotiations progress and projects are finalized, mexico could:
Though, any agreement will depend on the final design of the contracts, on the technical evaluation of the fields and on the formal approval of sener and Pemex.
Mexico’s IMSS Achieves Record-High Affiliation in December 2023
Mexico’s Social Security Institute (IMSS) reported a record 21.18 million workers affiliated with the institution as of December 2023, marking a meaningful increase in formal employment. This figure represents a year-over-year increase of 3.4%, or 708,646 additional jobs, according to official IMSS data released on January 16, 2024.
Key Statistics:
The IMSS data breaks down affiliation by sector. The service sector led job growth, adding 47,819 positions in December. Construction saw an increase of 13,849 jobs, while commerce added 8,899. Manufacturing experienced a slight decrease of 2,841 jobs.
Affiliation by Sector (December 2023):
According to the IMSS, the increase in affiliation reflects ongoing economic activity and the formalization of employment in Mexico. The institute’s data is widely used as a key indicator of the country’s labor market health. The full report is available on the IMSS website: https://www.imss.gob.mx/