Mexico, IEA warns about the oil situation

The document presents a very worrying scenario for the country: a 34,6% decline in its oil production in just five years, which would lead it to become a net importer of crude oil by the end of the decade. IEA This collapse is attributed to a lack of new projects, overdependence on a few productive fields, and a strategy that has marginalized deepwater development. The only confirmed initiative for 2030 is the Trion field, with limited capacity compared to the volume that will be lost.

This situation is aggravated by the delicate financial situation of Pemex, the state-owned oil company, whose debt exceeds $100.000 billion and faces multi-million-dollar defaults on contractors and suppliers, some of whom have gone unpaid for over a year.

The lack of liquidity has paralyzed platforms, reduced drilling, and caused thousands of layoffs. Although the federal government has injected resources and promised solutions, Pemex's operational and structural deterioration casts doubt on its ability to reverse the trend and sustain national energy production.

Source: CESCE