EPRINC’s Max Pyziur has created a note describing the background information behind the NaftoHaz/GazProm issues, specifically ahead of the 12/31/2019 transit agreement expiration. This work was penned in December 2019 just before that expiration date.
EPRINC’s Max Pyziur created the attached presentation on the EU Natural Gas Overview in September 2019.
Dr. Octavio F. Pastrana is joining EPRINC as the organization’s newest Distinguished Fellow. Octavio has forty three years of professional experience in world class companies in the oil and gas, and energy sectors, and as top executive for engineering and construction companies in South America and Mexico, in power generation and infrastructure.
Octavio has extensive experience in the oil and gas industry. For the past five years until May 2019, Octavio was member of the Board of Petroleos Mexicanos, PEMEX. His deep engagement as advisor to the top executives and as leader of company planning far exceeded his duties as a non-executive board member, and while serving for four years as Chairman of its Strategy and Investment Committee, Octavio drove the transition of the company on a month to month basis to a new focus on performance and results. During his thirteen years with BP, Octavio worked for five years as Chairman and CEO of Chaco, the oil and gas company which was formed during the privatization of the Bolivian national oil company YPFB, and for seven years as Country Head and General Director of oil and gas business units in Alaska, Venezuela, and México.
During 2013 and 2014, Octavio advised the Energy Commission of the Mexican Senate in development of the Constitutional Reform and subsequent Laws, engagement which led to his appointment as board member of PEMEX.
The rest of Octavio’s bio can be found here.
Emily Medina was interviewed recently on Think Tech Hawaii. Some clips from that broadcast can be found below:
Emily on the attack on the Saudi oil facilities.
Mexico is an essential piece of the North American petroleum production platform, and Mexico’s oil and gas reserves and production are at a critical crossroads. Oil reserves would be exhausted in ten years and gas reserves in six without massive new capital commitments. Of a total of 465 oil fields discovered, today a handful of ten currently account for nearly two-thirds of all domestic production; likewise, of the 700-plus gas fields discovered, ten account for almost half of all gas production.
The energy reform measures implemented in Mexico over the last few years, also known as the New Energy Model, offer considerable potential to lift oil and gas production, increase employment and deliver technological advances, and additional revenues for Mexico’s federal, state, and local governments. The New Energy Model has brought new investment into Mexico’s petroleum provinces, and there has been significant investment in seismic surveys and commitments for new wells. This expanded activity in the petroleum sector, entirely from private investment, has led to new discoveries.
Mexico’s new president, Andrés Manuel López Obrador (often referred to as AMLO), has expressed skepticism towards the energy reforms of the previous administration and has halted most initiatives to bring new private capital into the development of Mexico’s oil and gas resources. Although Mexico has not had a full public debate on all aspects of AMLO’s criticism of the New Energy Model, this EPRINC assessment demonstrates that without massive new commitments of capital for petroleum development, Mexico’s oil and gas future is grim.
The Spanish-language version of the assessment can be found here.
