200,000 b/d more and $2 billion for Zama, pan-American supply chain at risk

PEMEX needs to raise production by 200,000-400,000 b/d before 2023 to meet Mexico’s energy security needs.

Instead, production has declined by 600,000 b/d since 2016, the company needs $2 billion in capital to develop the Zama megafield, and more advanced technology is required to move into deepwater.

If production fails to rebound in time:

• Mexico will not have the 800,000 b/d of gasoline and 500,000-600,000 b/d of diesel that it needs to shield itself from crude prices going as high as $380 per barrel, and
• PEMEX will be at risk of defaulting on $3.8 billion in debt payments by December 2022.

Because Mexico is the largest goods manufacturer and exporter in Latin America, the entire pan-American supply chain is at stake.

Production Optimization Americas 2022 (POA) is the only forum that brings together senior management, the subsurface team, and oil industry economists to find technical and management solutions that work for you to:

1. Map out the right production stimulation and digitalization solutions for PEMEX to fully utilize their new Olmeca (Dos Bocas) and Deer Park refineries
   
2. Find a way for private partners to provide capital for field development and deliverability without new auctions or farm-outs, and
   
3. Identify the best partners for PEMEX and other NOCs in the Western Hemisphere to collaborate with and avoid what could become an even bigger oil shock than 1973.

Let’s recover lost production before it’s too late.

3 NEW REASONS TO ATTEND THIS YEAR!

• Map out the right production stimulation and digitalization solutions for PEMEX to fully utilize their new Olmeca (Dos Bocas) and Deer Park refineries
  
• Find a way for private partners to provide capital for field development and deliverability without new auctions or farm- outs
  
• Identify the best partners for PEMEX and other NOCs in the Western Hemisphere to collaborate with and avoid what could become an even bigger oil shock than 1973

To get the latest brochure and register, email [email protected] with your name, job title, and company in the message, and subject line POA 2022.

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Frank Mercado

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