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Mexican government makes call for private cash for E&P

Greater private investment is seen as necessary for Mexico to meet its targets for boosting domestic gas production Greater private investment is seen as necessary for Mexico to meet its targets for boosting domestic gas production.
By Elena Mataro 23 May 2019 Americas / Exploration & Production 0 34239
A Pemex rig in Campeche Sound in the Gulf of Mexico. (Pemex)

The key issue: A high-ranking official in the Mexican government has said his country needs $20-30 billion per year to be invested into exploration and production to meet a domestic production target of 201 MMcm/d  by 2024 – up from the current 136 MMcm/d.

Interfax analysis: Mexican NOC Pemex will need far more than its annual budget of $10.8 billion if it is to cope with rising domestic energy demand without increasing imports – which the government is keen to avoid – according to Abel...