MEXICO CITY, March 18 (Reuters) - Mexican state energy
company Pemex is in talks with companies owned by billionaire
investor Carlos Slim about an investment in the country's most
important natural gas field, Ixachi, President Claudia Sheinbaum
said on Tuesday.
Reuters revealed last week that officials at Pemex and
Slim's companies were considering a so-called mixed contract for
Ixachi in Veracruz state and a joint operating agreement for the
deepwater Zama field in the Gulf of Mexico.
"We're discussing this with the companies belonging to
Slim," Sheinbaum said during her regular press conference when
asked about further participation.
Sheinbaum added that Grupo Carso, as one of Slim's companies
is known, was already involved in some parts of the operation of
Ixachi. It currently drills wells.
Mixed contracts, which sources told Reuters would likely be
used for Ixachi, are a new form of partnership between Pemex and
private companies.
These allow Pemex to work with private companies,
complementing its own expertise and capital, while retaining
ownership of resources.
Cash-strapped Pemex is struggling to meet the crude oil
production target of 1.8 million barrels per day (bpd) as
fields, especially in the Gulf of Mexico, are being depleted and
new discoveries fail to compensate for it.
Ixachi has been celebrated as the most important find in
more than a quarter of a century for Mexico, which seeks to
become self-sufficient in energy.
Nearly two-thirds of the gas consumed locally is imported,
mostly from its northern neighbor via pipelines.
RBN Energy, a market advisory service, wrote in a recent
note that U.S. imports, mostly from the Permian and the Eagle
Ford, have increased threefold over the past decade.
Mexico's own production has declined rapidly, it noted,
adding that much of it is considered unusable because of the
high nitrogen content.