US EditionSlim’s Carso to Drill at Pemex’s Ixachi Field in $2 Billion Deal
Grupo Carso will drill 32 wells in the Ixachi field over three years under a $1.99 billion contract to support Pemex’s goal of financial self-sufficiency by 2027.
- Grupo Carso, led by Carlos Slim, entered into a $1.99 billion contract with Pemex to develop up to 32 wells over three years at the Ixachi natural gas site located in Veracruz.
- The agreement follows Pemex's financial struggles including nearly $100 billion debt and a 40-year low in oil production, prompting need for private investment.
- The Ixachi field currently operates 28 wells that collectively yield approximately 93 thousand barrels of oil alongside 715 million cubic feet of natural gas each day, which is equivalent to about 236 thousand barrels of oil equivalent in total production.
- Pemex will begin monthly payments to Carso starting January 2027, using income from hydrocarbons once production from the new wells starts, with at least 12 wells expected operational by early 2027.
- The deal is intended to increase Mexico's energy production and reduce dependence on imports, aligning with President Sheinbaum's target for Pemex to achieve financial independence by 2027.
29 Articles
29 Articles
Carlos Slim Strikes $2 Billion Deal With Pemex To Drill Veracruz Gas Field
Carlos Slim, Latin America’s richest man, has signed a $1.99 billion deal with Mexico’s state oil company Pemex to drill up to 32 wells in the Ixachi field in Veracruz. The project, set to unfold over three years, could become one of the most important bets on Mexico’s troubled energy sector in decades. Ixachi is […]
Madrid. The Mexican conglomerate Grupo Carso, of the tycoon Carlos Slim, signed a contract with the state oil company Petróleos Mexicanos (Pemex) to exploit 32 oil wells in Campo Ixachi (Mexico) for a value of $1,991 million.The contract, which will be extended over the next three years, includes that Pemex will start paying for the drilling of these wells financed until January 2027 and 21 monthly payments for each of them delivered from the co…
The richest man in Mexico, Carlos Slim, doubles his stake in Pemex. Through his company, Grupo Carso, the Mexican tycoon will invest $1,991 million in the drilling of about thirty oil wells in the Ixachi field in Veracruz. The tycoon, with a fortune of about $100 billion, has signed a contract of services developed and financed with Pemex. “The object of the contract considers the drilling and completion of up to 32 wells within three years, whi…
Grupo Carso, from businessman Carlos Slim, obtained a contract for drilling wells in the Ixachi field of Pemex.
Grupo Carso entered into a contract with Petróleos Mexicanos (Pemex) for up to $1.991 million to drill up to 32 wells in the Ixachi field. Through its subsidiaries GSM Bronco, and MX DLTA NRG 1, a Contract for Developed and Financed Services for the Drilling of Wells was signed in June of the country’s most important land fields, Carlos Slim reported at an event sent to the Mexican Stock Exchange (BMV). The contract considers drilling and comple…
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