Country Report
Mexico upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Pemex's Lakach project revived by a service contract with Group Carso: On 28 December 2021, Pemex announced the intention to reactivate the Lakach deepwater gas project. The original project was rejected by the regulator due to questionable economics. On 28 July, the NOC announced the partnership with US based company New Fortress Energy for the project development and a future investment for the development. However, in November 2023, New Fortress withdrew from the agreement, and Pemex ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Pemex
- Key private and international companies
-
Geology
- Introduction
-
Veracruz basin
- Córdoba platform
- Veracruz Tertiary basin
-
Tampico-Misantla basin
- Golden Lane Trend
- Poza Rica Trend
- Chicontepec (Proyecto Aceite Terciario del Golfo)
- Burgos basin
- Sabinas basin
- Franja de Fallas Extensionales
-
Sureste basin
- Salina del Istmo sub-basin
- Reforma-Comalcalco and Tabasco-Chiapas sub-basins
- Macuspana sub-basin
- Campeche sub-basin
-
Exploration
-
Drilling
- Drilling activity
- Onshore and shallow water
- Deepwater
- Unconventional potential
-
Drilling
-
Reserves and resources
- Reserves
-
Production
-
Oil
- Oil production started in the early 1900s
- Nationalization and the establishment of Pemex
- Cantarell and peak production
- International Oil Companies production
-
Gas
- Wellhead gas versus sales gas
-
Oil
-
Infrastructure
- Oil infrastructure
- Refineries
-
Gas infrastructure
- LNG terminals
- Gas storage
- Gas processing
-
Policy and regulation
-
Key legislation
- Privatisation of midstream operations
- The 2008 Energy Reform and launch of integrated service contracts
- The 2013 Energy Reform and opening of the sector to foreign direct investment
- Unitisation
- Regulatory body
- State oil company
-
Pemex funding
- PIDIREGAS
- Pemex funding post-PIDIREGAS
- Licensing
-
Round One
- Shallow-water exploration phase
- Shallow-water development phase
- Onshore development phase
- Deepwater exploration phase
-
Round Two
- Shallow-water exploration and DROs
- Onshore licensing round on gas-prone acreage
- Onshore exploration and DROs
- Deepwater exploration acreage
- Joint ventures and farmouts
- 3 more item(s)...
-
Key legislation
-
Fiscal terms
- Overview
- Current fiscal terms
-
Generally applicable terms
- General royalty
- Landholder Royalty
- Corporate income tax
- Round One fiscal terms
- Shallow-water exploration PSC
- Shallow-water development PSC
- Onshore licence regime
- Deepwater licence regime
- 8 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Location maps: Image 1
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2025
- Net Acreage 2025
- Map of Pemex operating regions
- Map of Mexico basins
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Commercial Liquid Reserves by Sector
- Gas Reserves by Sector
- Reserves and resources: Table 3
- 25 more item(s)...
What's included
This report contains:
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