During the commemoration of 40 years of oil production in the Sound of Campeche, the CEO of Petróleos Mexicanos (Pemex), Octavio Romero Oropeza, announced the company will reactivate oil production in the area, which will receive 67% of the budget of Pemex Exploración y Producción, to be used in the exploration and development of shallow water fields in the area, as well as the Tabascan shores.
This will call for a great collective effort, and he stated that “In Ciudad del Carmen we will increase hiring of oil workers, which will stimulate the local economy.”
Speaking before the oil workers, the CEO stated that this year, Pemex will drill 50 wells, 20 of which are already in the process of being drilled or being finished. To date, 100% of the infrastructure of the 20 new fields has been successfully contracted, and the contracts required for the additional developments in the Onel and Yaxché fields is still pending; this translates into the development of 22 new fields.
During the event, which also commemorated the “Day of the Engineer”, Romero Oropeza said that, out of the 20 new fields discovered to date, Ixachi is the most important one, as this field will produce 80,000 barrels of light crude oil per day and over 600 million of cubic feet of gas per day by 2022. That is to say, 220,000 barrels of crude oil equivalent.
He stated, finally, that, over the next few days, Pemex will disclose its Business Plan, which details, among other things, the strategy for investment funding over the next few years.
