Category Archives: Pemex

Glossary of Mexico’s Motor Fuel Standards

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Glossary of Mexico’s Motor Fuel Standards: Preparing for non-Pemex imports MEI 836 (Houston) — On June 26, 2016, the CRE authorized 10% ethanol gasoline for Mexico, reversing an earlier policy that excluded U.S. ethanol-enriched gasoline from entering the Mexico market. Download sample pages of this 28-page glossary by clicking MEI 836 Glossary of Mexico’s Motor Continue Reading

Mexico’s Energy Sector in 2016

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Mexico’s Energy Sector in 2016 MEI Report 835 Houston, January 31, 2017 This report surveys developments in Mexico’s energy sector in 2016, taking note of high-level personnel changes and institutional and commercial developments. Most of our attention was placed on understanding the farmout strategy that Pemex announced in mid-July and that became the basis for Continue Reading

Trión Deal: Farmout or PSC?

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Trión Deal: Farmout or PSC? — The deal being offered to prospective bidders is not yet clear. The winner is required to spend US$464 million, but is this an Earning Event in a farmout, or Carried Interest in a Production Sharing Contract?

Pemex Response to New Natural Gas Regulations

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Market Comment 081 Pemex Response to New Natural Gas Regulations This report republishes, with retrospective comments, our earlier report of Nov. 17, 1995. That report was about the roll-out of the natural gas law and regulations on Nov. 8, 1995, that began with presentations at Los Pinos that was attended by some 400 guests. Afterwards, there Continue Reading

Two reports on Pemex’s 2013-14 Mega-Tender for Onshore Wells

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On August 29, 2013, Pemex issued an international RFP (Request for Proposal) No. 18575088-542-13 which called for proposals for some 1,300 wells in ten blocks (or packages). In December, two of the five blocks in Chicontepec were withdrawn, leaving the maximum number of wells at slightly less than 800. The bid packages were acquired by Continue Reading

Navigation path for Pemex documentation

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Pemex’s mega-tender for onshore wells FINDING ONLINE DOCUMENTATION on Pemex’s public tenders can often be the thankless task of hours, days or weeks. To round out our reporting and analysis on Pemex’s mega-tender for the drilling of hundreds of onshore wells (Market Notes 182 and 183), and to respond to inquiries that we have received Continue Reading

Market Comment 020 — A New Procurement Outlook

in Pemex: Centralization and Caveats

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This report was inspired by the presentation in Houston on January 7, 2014, by Arturo Henríquez, president of the renamed Pemex Procurement, Inc. (formerly ITS). The presentation was made at the end of a one-day conference on opportunities in unconventional resources in Mexico. We identify the two broad concepts that Pemex visualizes for the restructuring Continue Reading