SHELL, CHEVRON, STATOIL AND NEXEN-CNOOC have shown interest in Partnering with PEMEX

At least 45 oil companies have approached Mexican authorities to talk about the scope of the energy reform and the possibilities of investing in Mexico.

At least four oil giants have shown interest in partnering with Petróleos Mexicanos (Pemex): the English-Dutch company Royal Dutch Shell, Chevron from the U.S., Norway’s Statoil and Chinese-Canadian Nexen-CNOOC.

Also, two Mexican companies approached the CNH: Grupo Carso and Grupo Diavaz.

In meetings with members of the National Hydrocarbons Commission (CNH), the companies expressed interest in working with Pemex to find and extract hydrocarbons in Mexico after the energy reform approved last year.

According to reports of the meetings held at the premises of the CNH since last August, 45 oil companies have approached Mexican authorities to talk about the scope of the energy reform and the possibilities of investing in Mexico.

Pemex CEO Emilio Lozoya Austin said that the oil company will seek to partner with private companies in ten contract packages that are part of the so-called Round Zero and will require an investment of 4.1 billion dollars per year.

These contracts “involve 1.55 billion barrels of 2P (proved and probable) reserves,” Lozoya explained.

Source: http://www.eluniversal.com.mx/in-english/2015/big-oil-companies-99799.html

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SHELL, CHEVRON, STATOIL AND NEXEN-CNOOC have shown interest in Partnering with PEMEX

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