(Energy Analytics Institute, 29.Nov.2024) — A key feature of the business plan for state-owned Pemex during the sexenio of Mexico’s president Claudia Sheinbaum Pardo is to maintain liquids production at 1.800 MMb/d.
Through the first nine months of 2024, Pemex, in a 29 Nov. 2024 presentation on its website, said total liquids production—including production of partners—averaged 1.789 MMb/d.
Importantly, during 2024-2030, Pemex will focus on the following:
- Maintain liquid hydrocarbon production at 1.800 MMb/d,
- Crude oil and gas reserves restitution to strengthen the production portfolio,
- Private participation to share risks, knowledge and technology,
- Gas use and greenhouse gas (GHG) reduction,
- Cogeneration and clean energy projects,
- Sufficient and adequate inputs to feed the national refining system,
- Synergy between government and private entities to increase strategic storage,
- Capitalization of investments in the refining chain,
- Prioritize the most profitable projects,
- Optimization, operational efficiency and cost reduction,
- Adapt fiscal regime for hydrocarbon exploration and production,
- Cost optimization and liquidity enhancement to strengthen financial position,
- Expanded and enhanced petrochemical and fertilizer supply chains,
- Fight against the illicit market, and
- Roadmap to gradual and profitable carbon neutrality.
Additionally, Pemex’ financial strategy, which is a joint strategy with the federal government, also looks to improve the state giant’s operations.
The joint strategy is founded on the following guidelines:
- Continuity of government support,
- Continuous coordination with the ministry of finance (SHCP) and the ministry of energy (SENER)
- Maintain the goal of zero net indebtedness,
- Design and implement, in conjunction with the SHCP, liability management strategies, and
- Continue strengthening the ESG strategy.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
