Pemex will invest 888 million dollars in 5 projects

The National Hydrocarbons Commission (CNH) approved to Pemex five plans to carry out exploratory activities during 2020-2023 in which the oil company plans to disburse up to 888 million dollars.

This week, the Commission approved the Exploration Plans of allocations AE-0133-Cuichapa and AE-0155-Chalabil, with which add 5 projects authorized to Pemex to carry out exploratory activities in the referred period, out of a total of 64 that will be evaluated.

According to the information presented in the five approved plans, total investments and operating expenses are estimated at 356 million dollars corresponding to the base scenario and 532 million dollars additional, corresponding to the incremental scenario, for a total of 888 million dollars.

"The investments that make up the Plans consider, among other tasks, the drilling of 27 exploratory prospects: 8 in the base scenario and 19 additional in the incremental scenario," said CNH.

The estimated incorporation of prospective resources in the five exploration plans is 445 million barrels of crude oil equivalent (mmbpce) in the base scenario and 796 additional mmbpce for the incremental scenario, for a total of 1.241 billion barrels of crude oil equivalent.

Likewise, considering the probability of geological success of the exploratory prospects, it is estimated to incorporate a volume of 375 mmbpce, as a possible resource to incorporate, adding both scenarios.

According to the CNH, in addition, exploration plans have been approved for allocations AE-0150-Uchukil, AE-0151-Uchukil, and AE-0131-Llave.

By Agencies

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