The oil contracts granted from the 2015 reform in Mexico have contributed a total of 2,066 million barrels of crude oil equivalent as prospective hydrocarbon resources to the country, a volume equivalent to 9% of the total reserves already certified by the National Hydrocarbons Commission (CNH).
Juan Manuel Delgado, president of the Mexican Association of Hydrocarbon Companies (Amexhi), explained that this has been achieved after the companies operating contracts in the country reached an investment of more than 18,000 million dollars in October 2021, although the investment potential related to official plans remains at more than 42,000 million dollars for the next few years.
So far, thanks to the contracts, 117 new wells have been drilled in the country, but thanks to fields that migrated from previous regimes or that operate in mature fields previously owned by Mexican oil (Pemex) The contracts have activities today in 825 wells, of which 42 are for extraction of oil and associated gas in 23 fields and 396 for oil and gas in 42 fields.
With regard to exploratory activity, the largest number of discoveries has been in onshore fields, where seven discoveries are reported by contracts, followed by five discoveries in shallow waters and three in deep waters.
“As you can see, we did not come to compete, we came to complement the activities of the State for the benefit of the entire country,” said Juan Manuel Delgado at the forum “We reap results. Balance of oil contracts 2021”.
The businessman added that at the moment 53 exploratory wells and 64 development wells are being executed. As of October 2021, the oil production of these contracts is 68,000 barrels of oil, according to data from the Amexhi.
To date, we have 15 discoveries that in the future could contribute production to reverse the decline of the currently producing fields, ”said Delgado.
Juan Manuel Delgado highlighted that the activity of the 111 current contracts, of which 31 already have production, generates 56,000 jobs in the country and an investment is estimated at a minimum of 5.160 million dollars in national content from 2015 to 2024.
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Reference-www.eleconomista.com.mx