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Exclusive: Mexico's new oil regulator says Pemex joint ventures likely, 100 projects might qualify [Reuters]

Talos Energy, Inc. (TALO) 
Last talos energy, inc. earnings: 3/11 06:00 pm Check Earnings Report
Company Research Source: Reuters
Mexico's new oil regulator says Pemex JVs likely, 100 projects might qualify MEXICO CITY (Reuters) - The head of Mexico’s powerful oil regulator said state oil firm Pemex could seek new joint venture partnerships soon, despite President Andres Manuel Lopez Obrador’s decision to freeze the so-called “farm-outs” in his first year in office. “I think it will happen during this government,” Rogelio Hernandez, who became president of the National Hydrocarbons Commission (CNH) late last year, said in an interview. “In fact, I see it as imminent,” Hernandez said. The 37-year-old, who was confirmed to his seven-year term in November, emphasized the decision on joint ventures would be made by Pemex, or Petroleos Mexicanos, as it is officially called. Reviving farm-outs would run contrary to the policies so far pursued by Lopez Obrador, who has walked back the previous government’s opening of the oil and gas industry to private producers. He canceled seven of the planned Pemex tie-ups last year Show less Read more
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