This year’s investment in the sector upstream of Mexico will be slightly lower than in 2022, according to private sector commitments and plans by the hydrocarbon company Pemex.

The Federal Oil Company’s projection for 2023 is $13.240 million for capital expenditures and $11.530 million for operating expenditures, representing a total decline of 14% from disbursements in the year. last. only the investments fell 30% to its lowest level since 2018. Operating expenses have remained virtually unchanged over the past decade.

Pemex’s oil development plan highlights new work in the Pokche and Akal fields, as well as its portfolio of priority fields (including Ixachi and Quesqui, which are highly productive of gas and condensate) and work in its historic fields, such as Ku-Maloob. – Zaap, currently its main oil asset.

According to the regulator CNH, for this year, the companies have pledged investments of 3.5 billion US dollars in contracts and rights transfers, 8% less than last year.

Areas that will receive the biggest investments

PC Carigali, Wintershall, Cárdenas Mora, Pantera and Total would also make large investments.

Mexico’s oil and gas production increased last year and condensate production reached record levels.

In January, oil, gas and condensate production was well above 2022 averages, particularly due to a notable increase in Quesqui, Tabasco. In January, the field recorded an increase of 10% for gas compared to December and 12% for oil. Condensate production totaled 23,000 bpd over the period.