Crude oil projects involving private companies in Mexico could bring an additional 704,000 bpd to total national oil production by 2030, BNAmericas has reported , citing a commissioner from Mexico’s oil and gas regulator, CNH. This year, the output from projects involving private companies is seen at 264,000 bpd. This means this output is set to grow by some 18 percent annually, according to commissioner Hector Moreira. What’s more, more than half of that additional oil production in 2030 will come from projects that are exclusively operated by private companies, at 54.2 percent of the total. Another 35.2 percent will come from farm-out contracts between Pemex and private players. The rest will come from projects exclusively operated by the Mexican state-owned energy major. The contracts that made possible this additional output were introduced by the previous Mexican government, which came into power with ambitious plans for opening up the […]