Radar > 237115

Pemex plans to sell two platforms and create partnerships to achieve liquidity

Pemex planea vender dos plataformas y establecer varias alianzas para conseguir liquidez

Intel ID : 237115
Synopsis

Pemex, a Mexican oil company, could be analyzing the sale of its platforms Holkan and Chemul and the possibility of six alliances with private oil companies, as published by news agency Bloomberg and newspaper El Financiero on 27 May 2016, citing company members.

The company's objective is to solve its liquidity problems, which does not enable it to allocate more resources to exploration and production, as Pemex confirmed during his participation in the conference energy Intitute of Americas in La Jolla, California.

Gustavo Hernández, director of resources, reserves and associations, said that Pemex has several partnership opportunities, including farm-outs, where the National Hydrocarbons Commission must give its approval to proposed contracts. Another possible deal would be Pemex's participation in oil auctions through a consortia, or through the use of contracts for exploration and extraction services.
(content in spanish)

Pemex, petrolera estatal mexicana, está analizando la venta de las plataformas Holkan y Chemul y seis posibilidades de alianzas con petroleras privadas, según ha informado la agencia Bloomberg y el diario El Financiero el 27 de mayo de 2016, basándose en declaraciones de miembros de la compañía.

El objetivo de la compañía es resolver el problema de liquidez al que se enfrenta, que no le permite destinar más recursos a la exploración y producción, tal y como confirmó Pemex durante su participación en la conferencia de energía del Intitute of Americas en La Jolla, California.

Gustavo Hernández, director de recursos, reservas y asociaciones de la compañía, ha destacado que Pemex tiene varias posibilidades de asociación, entre las que destacó los farm-outs, donde la Comisión Nacional de Hidrocarburos debe dar su aprobación a los contratos propuestos por la compañía; otro esquema es a través de la participación de Pemex en consorcios en las licitaciones o rondas petroleras; o mediante el uso de contratos de servicios de exploración y extracción.

Seller

Pemex
Mexico

Intel ID 237115
Value ND
Native Currency Mexican Peso (MXN)
Exchange Rate:
Financial Data - Pemex
(31 Dec 2015)
Revenue: EUR 619.334,99m
EBITDA: EUR 10.922.200,79m
Exchange Rate:
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Seller

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.