The Oil & Gas Year Mexico 2012
Despite declining oil production at its giant Cantarell field, Mexico has high hopes to increase its daily oil production from a little less than 3 million barrels of oil per day to 3.3 million barrels of oil per day by 2026.
State-owned oil company Pemex is looking to attract private firms who can bring advanced technological capabilities to Mexico, and incentive-based contracts, which were awarded in the second bidding round in June 2012, are step towards its goal.
Amidst this atmosphere of change comes a switch in leadership, as Mexico’s President Elect Enrique Peña Nieto takes the helm and is likely to increase reforms of Pemex.
The Oil & Gas Year Mexico 2012 is a comprehensive overview of the Mexican oil and gas industry, featuring interview and comments from major players, as well as insightful resources.