Country Report
Mexico upstream summary
Report summary
Pemex announced the revival of Lakach project: On 28 December 2021, Pemex announced the intention to reactivate the Lakach deepwater gas project. The original project was rejected by the regulator with 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 of 1.5 billion US$ for the development. Pemex maintains ownership of the resources while New Fortress brings the necessary ...
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
-
Round Three
- Shallow-water exploration and DROs
-
Multiple Service Contracts (MSC)
- Bidding process and contract terms
-
Integrated Service Contract Rounds (CIEP)
- Mature fields rounds (1st & 2nd)
-
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
- Round Two fiscal terms
- Shallow-water exploration and DROs
- Onshore licensing round on gas-prone acreage
- Onshore licensing round
- Round Three fiscal terms
- Shallow-water exploration and DROs
-
Pemex
- Current fiscal regime
- Additional taxes for Upstream Contracts
Tables and charts
This report includes 37 images and tables including:
- Key facts: Table 1
- Location maps: Image 1
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2021
- Net Acreage 2023
- 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
- Oil infrastructure map
- Infrastructure: Table 1
- Infrastructure: Table 2
- Policy and regulation: Table 1
- Policy and regulation: Table 2
- Policy and regulation: Table 3
- GEM models
- Production: Table 1
- Production: Table 2
- Production: Table 3
- Production: Table 4
- Liquids production by operating region
- Liquids production by asset
- Production: Table 5
- Production: Table 6
- Production: Table 7
- Production: Table 8
- Gas production by operating region
- Gas production by asset
- Gas infrastructure map
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
What's included
This report contains:
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