Mexico's Northern Region launches massive development ///
Northern Mexico offers excellent potential, as well as great challenges, for development of additional oil resources. The Northern Region of Pemex Exploracion y Produccion (PEP) contains 33% of the country’s proved oil reserves.
However, the area will require rejuvenation of many mature, oil-producing fields, and there is a need to optimize secondary recovery systems. There are also extended onshore and offshore areas that are potentially very attractive for exploration. In tandem with the natural gas projects detailed in last month’s article, PEP intends to mount an expanded oil development effort within the Northern Region over the next several years.
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