Mexican President-Elect Andrés Manuel López Obrador (AMLO) said last Wednesday he will suspend oil and gas bid rounds until the 107 contracts awarded through rounds under the current government begin producing.
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Oil, Gas Reserves in Mexico Boosted by Pemex and Foreign-Led Discoveries
Mexico’s proven, probable and possible, i.e. 3P, reserves of oil and natural gas slipped to 25.5 billion boe at the end of 2017, down from 25.9 billion boe a year earlier, the National Hydrocarbons Commission (CNH) reported last week.
June 4, 2018