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Mexico’s Pemex Calls on Private Sector Help as Natural Gas, Oil Output in Decline
Mexico’s state energy giant Petróleos Mexicanos (Pemex) has opened the door to the private sector to add financial and technical muscle as the company struggles with dropping oil and natural gas production.
Our “own and mixed plays” would help offset declines in mature fields, planning head Jorge Alberto Aguilar said during the company’s first quarter earnings call.
“We are developing the corresponding contract models,” and “we will soon announce” schemes to incentivize private sector production, he said.