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Pemex portfolio after Round Zero: Entry opportunities into Mexico


Pemex portfolio after Round Zero: Entry opportunities into Mexico

Report summary

In December 2013, a constitutional reform was passed to overhaul the Mexican energy sector. The specific laws of the reform, known as the secondary legislation, are expected to pass by May 2014. Concurrently, Pemex is undergoing an internal portfolio revision process known as Round Zero. The process, which will require the approval of the Energy Secretary and the National Hydrocarbons Commission (CNH), will determine which upstream assets Pemex will retain and which it will relinquish.


What's included?

This report includes 2 file(s)

  • Pemex portfolio after Round Zero: Entry opportunities into Mexico PDF - 1003.21 KB 6 Pages, 0 Tables, 4 Figures
  • Pemex portfolio after Round Zero Insight.xls XLS - 115.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive summary
  • Overview
  • The commercial landscape will be established after Round Zero
    • Pemex will retain the shallow-water and large onshore fields due to its expertise
    • Standalone gas fields have strategic importance to Mexico, despite their poor economics for Pemex
  • Pemex will look for partners in challenging developments
    • Deepwater will offer the largest upside for potential partners
    • Mexico's extra-heavy shallow water fields are a unique opportunity worldwide
    • Chicontepec requires companies with experience in horizontal drilling
  • Pemex will most likely dispose of its lowest performing oil assets to focus on projects with better returns
    • Pemex has a long tail of marginal assets that drag its performance down
    • The unconventional story in Mexico is still at an infancy stage
  • Mexico's service sector will benefit from the reform
  • We expect numerous entry opportunities in 2015, but challenges still lie ahead

In this report there are 4 tables or charts, including:

  • Executive summary
  • Overview
  • The commercial landscape will be established after Round Zero
    • The Samaria-Luna business unit and the Cantarell/Ku-Maloob-Zaap fields
  • Pemex will look for partners in challenging developments
    • The Chicontepec fields and the Perdido Area
  • Pemex will most likely dispose of its lowest performing oil assets to focus on projects with better returns
    • Pemex portfolio after Round Zero: Entry opportunities into Mexico: Image 3
  • Mexico's service sector will benefit from the reform
    • Pemex portfolio after Round Zero: Entry opportunities into Mexico: Image 4
  • We expect numerous entry opportunities in 2015, but challenges still lie ahead
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