Pemex will have more freedom and better conditions in a range of possibilities of alliances and associations with private ones with which the Government seeks to provide it, according to modifications to laws of the energy sector sent Wednesday to Congress.
According to the texts, Pemex can also do service contracts, migrations to mixed schemes and exploration and extraction in alliances or associations with private, in a framework similar to that of the so -called “Farmouts” of a 2013/14 reform, put in The freezer by former president Andrés Manuel López Obrador.
But the substantial change is that Pemex will not have to go through a bidding process through a regulator to migrate assignments to mixed participation contracts, in which the state will maintain the exclusive right of the area and will not have to provide capital, according to the documents Senate sent.
In August, before Claudia Sheinbaum assumed the presidency of Mexico, Reuters said that her government would seek to reactivate Pemex associations with private companies.
According to the secondary laws of an energy reform endorsed last year, income in the contracts derived from mixed assignments will be distributed among the parties according to their percentage of participation, after discounting taxes and cost recovery.
Pemex may also ask the Ministry of Energy (Sener) to migrate some types of contracts, such as the CSIEE that it currently has with Grupo Carso at the Lakach gas deposit, one of exploration and extraction or a mixed assignment.
Reuters revealed last week that Pemex and Cars were discussing substantial changes to the agreement they reached last year to develop Lakach, the first natural gas field in the country, seeking to relive a project that the state had abandoned twice due to the high costs.
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Support for Pemex
The oil company has a heavy financial debt with suppliers and has no funds to develop projects that allow it to maintain a 1.8 million barrels oil production platform per day (BPD) that Sheinbaum has offered for his six -year government.
Nor to raise gas production and reduce the enormous dependence that Mexico has on the imports of the fuel in the United States and that have become a topic of great concern.
According to the documents, Sener will be able to carry out tenders of exploration and extraction contracts, a practice of the energy reform of more than a decade ago and for which more than 100 contracts were delivered to private and foreign companies, but that López Obrador suspended Upon arrival to power at the end of 2018.
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Pemex may participate with “alliances or associations” in tenders, in which Sener will establish the participation of the state, but in which Pemex may have a voice in the process of choice of his partner, unlike the auction of the CNH regulator, -What will disappear soon and from which many of its functions will be absorbed by Sener- in which Pemex had no chance of participating.
Secondary laws are expected to also include changes to the CFE law, among others, be approved in the coming weeks in Congress, in which the ruling Morena and his allies have a large majority.
With Reuters information
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