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Mexico may trim Pemex's oil field wish list

Thursday, March 27, 2014


Mexico's energy ministry aims to find a middle ground between strengthening state-run oil company Pemex and ensuring major opportunities for new private producers under a landmark energy overhaul.

Under the overhaul, which aims to boost Mexico's oil and gas sector, the ministry must determine which fields Pemex will keep via a so-called "Round Zero" allocation.

Details of Pemex's list have not been made public, but the oil ministry said Pemex seeks 83 percent of its proven and probable oil reserves and 31 percent of its less-certain prospective resources, which includes its shale and deep-water potential.

Source: Reuters