Mexico plans to start tendering some deep-water oil fields as early as in June 2015, in order to attract private investment in the wake of the energy reform adopted in December 2013 and removing 75-year long Pemex's monopoly over the oil sector. Pemex has issued a list of reserves that the group expects to keep, amounting to 97% of the proven reserves, 83% of the 2P (proven and probable) reserves and 71% of the 3P (proven, probable and possible) reserves. Among prospective resources, Pemex requested 15% of Mexico's shale prospects, a "large part" of the Perdido deepwater field (to be developed with partners), 29% of Mexico's deep-water acreage, 59% of shallow water and 93% of onshore. The government will rule on the wishlist by 17 September, but decisions on particular fields could be announced earlier to allow Pemex to negotiate joint ventures or partnership for the retained fields. Mexico's prospective resources are estimated at 86.8 Gboe in deepwater and unconventional oil and gas and 28 Gboe in traditional resources.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.