Despite the prospect of a political turn to the left after next month’s presidential election, Mexican state oil firm Pemex is not altering its upstream strategy, the head of the firm’s exploration arm recently told International Oil Daily. Jose Antonio Escalera, Pemex’s director of exploration, said the firm remains committed to plans to farm out seven onshore blocks in southeastern Mexico. The areas up for bid include both exploration plays as well as mature fields that require additional investment to boost their recovery factor (IOD Feb.1’18).
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