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State-Run Oil Company PEMEX Awards First Exploration Contracts to British, Mexican Companies

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/13075

State-Run Oil Company PEMEX Awards First Exploration Contracts to British, Mexican Companies

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Title: State-Run Oil Company PEMEX Awards First Exploration Contracts to British, Mexican Companies
Author: Navarro, Carlos
Subject(s): Mexico
PEMEX
oil
Felipe Calderón
contract
investment
private
companies
crude
Petrofac Facilities Management
APC
Carrizo
Magallanes
Santuario
concessions
British
constitution
violation
Article 28
energy
sovereignty
criticism
contractors
exploration
Abstract: In what President Felipe Calderón’s administration is calling a historic move, the state-run oil company PEMEX awarded its first-ever contracts to foreign and Mexican private companies to conduct oil exploration and extraction activities in the Carrizo, Magallanes, and Santuario fields in Tabasco state. The move to bring in private investors to primary activities was made possible by reforms the Congress approved in 2008 to overhaul PEMEX. But critics are suggesting that the contracts go beyond what is allowed under the 2008 changes and therefore violate the Mexican Constitution.
Date: 2011-08-30
URI: http://hdl.handle.net/1928/13075

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