According to Reuters Mexico, Vera Ramosa reported that Mexican President-elect Andres Manuel Lopez Obrador said on Saturday that it is expected that by the end of his term, Mexico’s crude oil production will rise from the current 1.8 million barrels per day to at least 260 per day. Million barrels.
Lopez Obrador added that the new tender for drilling wells announced last week will be carried out in the oil fields and shallow waters of the state-owned oil company Pemex.
“Public investment will be devoted to extracting oil from Pemex’s territory,” he said. “Those platforms that are not occupied will start working again”
Lopez Obrador said earlier this week that the tender will begin in December but does not provide further details.
He also stated that in order to increase production, Pemex needed to reach an agreement with its traditionally cooperating company to begin drilling or mining existing wells.
Pemex’s production has reached its lowest level in decades, with its six refineries producing only 40% of capacity, which increases demand for fuel imports.
Lopez Obrador will take office in December, and he has long criticized the outgoing government for opening up the oil industry to private capital.
The new Mexican leader vowed to strengthen the development of Pemex and refine more crude oil in Mexico
| Thiourea |