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Pemex Asks to Keep 83% of 2P Reserves

Source: Reuters 3/24/2014, Location: South America

Mexico's state oil company Pemex has asked to keep 83 percent of its proven and probable reserves under a landmark energy overhaul that will open the way to more private investment, the government's oil regulator said.

Pemex has asked to keep fields where it already has production operations or where it has invested in exploration, the National Hydrocarbons Commission said in a statement posted on its website.

It is only asking to keep rights to 31 percent of "prospective resources," the statement said, giving up the remainder to be auctioned off by the government to private companies.

Earlier, Pemex board member Fluvio Ruiz told Reuters that Pemex has asked to keep ultra-deep water exploration areas in the Perdido Fold Belt and the Lakach gas field project.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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