MEXICO CITY, (Reuters) – Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia Sheinbaum, according to an internal Pemex document seen by Reuters yesterday.
It will also intensify deepwater exploration and develop new business models to attract investment.
During the six-year administration of her predecessor Andres Manuel Lopez Obrador, Pemex had put aside deepwater exploration to focus on projects that would deliver production quickly, although many have started to decline early.
Pemex did not immediately respond to a Reuters request for comment.
Pemex would seek to develop new business models to attract external investment, the document showed, after Lopez Obrador did not seek partnerships with private companies to develop exploration and extraction projects.
Lopez Obrador had ended the bidding for contracts introduced during the energy reform a decade ago, arguing that resource wealth was being handed over to private and foreign companies at the expense of Pemex.