The Mexican Association of Hydrocarbons Companies (AMEXHI) has released a statement celebrating the effort of the Federal Government and its energy and finance institutions to develop the Strategic Plan for the Strengthening of Petróleos Mexicanos (Pemex) 2025–2035.
AMEXHI praised private initiative as a key element of the strategic plan for its ability to generate valuable partnerships for Mexico. The importance of these alliances is reflected in the prioritization of already discovered fields that are developed in conjunction with private companies – such as Trion and Zama mentioned in the plan – as well as in the development of deposits in mature fields, frontier areas, complex formations, unconventional fields and other projects that are being considered for joint development, AMEXHI stated.
The inclusion of projects focused on increasing natural gas production to strengthen national supply are of high value to Mexico. Currently, Mexico imports most of its national natural gas consumption from a single country (the U.S.), which puts national energy security at risk. In addition, the development of national deposits will bring with it a local spillover of jobs, investments, petrochemical development and other benefits contemplated as national development objectives.
“AMEXHI is prepared to continue the dialogue and collaboration with Pemex – a founding member of the Association – and the administration of President Claudia Sheinbaum, to achieve the goals of this plan and deepen its scope in additional projects that may be generated,” AMEXHI said.
“We believe that productive alliances, based on transparent, competitive and mutually beneficial contracts, will allow the development of Mexico’s great energy potential as they have already done so far when they produce 116,000 bopd and have achieved the discovery and development of 22 hydrocarbon deposits (with important contributions to the growth of the country’s oil and natural gas reserves), and investments of almost $40 billion from 2016 to 2025,” the statement continued.
Through collaboration between the private sector and the Federal Government, the goals set for Pemex can be achieved, promoting a more robust and sustainable energy sector in the long term that includes the stabilization of payments to partners, suppliers and contractors of the company, which will result in a more attractive and reliable investment and collaboration climate for all market players.
