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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 10 sources · 9 days · First seen 18 days ago · Last updated 10 days ago

Pemex energy transition and production strategy

Overview

Petróleos Mexicanos (Pemex) is pursuing a dual-track strategy involving energy transition and increased hydrocarbon production.

Under the Hydrocarbon Sector Development Plan, the company aims to diversify revenue and reduce emissions. Key initiatives include the commercial extraction of lithium from oil brines, with investments expected in 2028 and operations by 2030. Pemex also plans to develop solar farms and expand electric vehicle charging infrastructure across its national network of service stations.

Simultaneously, Pemex is addressing declining reserves by increasing drilling activity. According to the 2027 Federal Expenditure Budget Project, the company intends to complete 259 wells in 2027, a 24% increase from the 209 wells scheduled for 2026. This drilling program aims to incorporate 542.8 million barrels of crude oil equivalent in 3P reserves to mitigate the decline of mature fields.

Entities

Pemex · Campeche · Secretaría de Energía · Ek Balam · Petróleos Mexicanos

Timeline

10 days ago

[BUSINESS] 5 sources
Pemex to increase drilling in 2027 to boost reserves
Pemex plans to increase drilling to 259 wells in 2027, aiming to boost hydrocarbon reserves by 98.1% compared to 2026 levels to combat the decline of mature fields.
18 days ago

[BUSINESS] 6 sources
Pemex plans lithium extraction and EV charging expansion
Pemex has unveiled a development plan to diversify into lithium extraction, solar energy, and electric vehicle charging infrastructure, with key operations targeted for 2026 and 2030.

Sources

diario.mx · dossierpolitico.com · elceo.com · eldiariodechihuahua.mx · elfinanciero.com.mx · elperiodicodetlaxcala.com · nodal.am · petroleoenergia.com · poresto.net · voxpopulinoticias.com.mx