Mexico Oil and Gas Report - Business Monitor International - Industry Reports

Mexico Oil and Gas Report

Mexico Oil and Gas Report - Business Monitor International - Industry Reports
Mexico Oil and Gas Report
Published Aug 06, 2016
127 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Mexican national oil company (NOC) Pemex will remain under significant financial and operational strain over the remainder of the year. Whilst the strengthening of crude benchmark prices over H--- helped stabilise the company s losses, the price of Mexican crude remains at historic lows, deeming the majority of its upstream operations unprofitable. ...This compares to a decline of -.- y-o-y in ---- and extends Mexico s overall losses for a --th consecutive year. A key objective of the company s new CEO, Jose Antonio Gonzalez Anaya, is that the NOC will accelerate efforts to clear its outstanding repayments and build investor confidence in the company as a viable contributor to future upstream developments. The farming out of deepwater assets and the USD-.-bn government bailout in April ---- represents the start of a more concerted effort to set the company back on track. ...The Mexican government s USD-.-bn bailout of Pemex underscores the state-owned oil company s continued struggles in the face of an elevated debt burden, sizeable arrears to oilfield service providers and limited liquidity. In order to limit an increase in its liabilities, Pemex will increasingly look at

...Mexico has the third largest proven oil reserves in Latin America, after Venezuela and Brazil, with -.-bn barrels (bbl) as of year-end ----. However, a chronic deficit of investment and lack of access to more efficient technologies have stymied the sector from reaching its full potential. This resulted in a precipitous decline of Mexico s reserve base over the last decade, falling from --.-bn bbl in ---- to under --.-bn bbl for the first time in its history. National oil company (NOC) Petroleos Mexicanos (Pemex) s lack of deepwater drilling experience resulted in limited discoveries, especially in the early to mid-----s, limiting the country s productive capacity. Specifically, the state-owned company lacked the expertise to develop its offshore discoveries from -P to -P. ...The Mexican government expects to attract domestic and foreign investments of nearly USD--.-bn between ---- and ----. While these values are somewhat optimistic, we believe the historic Round One

...� Business Monitor International Ltd Page - previously untapped methods of financing to satisfy its obligations. An example of this includes the USD-.-bn sale and leaseback agreement signed with US-based private equity fund KKR in June ----. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Mexico Oil and Gas Report" Aug 06, 2016. Alacra Store. Apr 26, 2018. <>
Business Monitor International - Industry Reports. (2016). Mexico Oil and Gas Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Apr 26, 2018 from <>
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