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ID - Mexico’s farm-out advances despite threat of cancellation - April 2019



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Eleven companies have attempted to prequalify for an ongoing process to farm into seven onshore clusters operated by Mexico’s state-held Pemex. The interest in prequalifying has advanced despite the possibility that President Andres Manuel Lopez Obrador will suspend access to foreign oil and gas companies, Upstream reported. The National Hydrocarbons Commission still plans to finish the process in October. Mexico’s Energy Secretary told an industry conference that Pemex would be allowed to decide for itself whether it proceeds with the farm-outs. About 20......
 
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