Released March 20, 2025 | SUGAR LAND
en
Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mexican president Claudia Sheinbaum confirmed investment negotiations with Grupo Carso SA de CV (Mexico City, Mexico), which is headed by billionaire Carlos Slim, under the country's new contract structure.
Sheinbaum confirmed on March 18 that the government has been in conversations with Grupo Carso to develop a mixed contract at the Ixachi Field in Veracruz, one of the country's most promising energy assets.
The president also highlighted that Grupo Carso, owned by Slim, already participates in oil operations at the Ixachi Field.
Recently, Sheinbaum's administration introduced a reform granting Petroleos Mexicanos (Mexico City, Mexico) (Pemex) dominance over the oil and gas production in Mexico. However, the government also opened the door to the creation of mixed contracts between the state company and private enterprises, such as Grupo Carso, to exploit hydrocarbons.
Pemex would hold a majority stake in all the mixed contracts created under this new scheme.
The reform was introduced to undo the hydrocarbon industry's liberalization, which was launched in 2013. The former administration of Andres Manuel Lopez Obrador and incumbent Sheinbaum have heavily criticized such policies.
Instead, they have aimed to strengthen state companies such as Pemex by granting it tax breaks and supporting its operations.
Joining forces with the private sector could help Pemex continue to develop its projects by relying financially on its partners. The company has set its production goal at 1.8 million barrels of oil per day between 2025 and 2030.
Ixachi is Pemex's largest gas-producing field, with an output of 539 million cubic feet per day throughout last year. However, the asset has seen a progressive increase in its natural gas output since the end of last year, surpassing the 600 million-cubic-feet-per day mark since October and holding the pace until this year.
The asset also produced 65,777 barrels of condensate per day (BBL/d) in 2024, and its production increased to almost 79,000 BBL/d in January.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Sheinbaum confirmed on March 18 that the government has been in conversations with Grupo Carso to develop a mixed contract at the Ixachi Field in Veracruz, one of the country's most promising energy assets.
The president also highlighted that Grupo Carso, owned by Slim, already participates in oil operations at the Ixachi Field.
Recently, Sheinbaum's administration introduced a reform granting Petroleos Mexicanos (Mexico City, Mexico) (Pemex) dominance over the oil and gas production in Mexico. However, the government also opened the door to the creation of mixed contracts between the state company and private enterprises, such as Grupo Carso, to exploit hydrocarbons.
Pemex would hold a majority stake in all the mixed contracts created under this new scheme.
The reform was introduced to undo the hydrocarbon industry's liberalization, which was launched in 2013. The former administration of Andres Manuel Lopez Obrador and incumbent Sheinbaum have heavily criticized such policies.
Instead, they have aimed to strengthen state companies such as Pemex by granting it tax breaks and supporting its operations.
Joining forces with the private sector could help Pemex continue to develop its projects by relying financially on its partners. The company has set its production goal at 1.8 million barrels of oil per day between 2025 and 2030.
Ixachi is Pemex's largest gas-producing field, with an output of 539 million cubic feet per day throughout last year. However, the asset has seen a progressive increase in its natural gas output since the end of last year, surpassing the 600 million-cubic-feet-per day mark since October and holding the pace until this year.
The asset also produced 65,777 barrels of condensate per day (BBL/d) in 2024, and its production increased to almost 79,000 BBL/d in January.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
