Statistic Analysis
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US$ 7.568 BILLION DOLLARS INVESTED IN INFORMATION AND EXPLORATION CONTRACTS
12 March 2019

From 2015 to 2018, investments in Exploration and Extraction Contracts and exploration studies totaled US$7.568 billion dollars, consisting in the following:

  • US$3.054 billion in information investments: $302 million dollars in access fees to the National Hydrocarbons Information Center “CNIH” databases (4%); and $2.752 billion dollars in “ARES” (Autorizaciones para el Reconocimiento y Exploración Superficial, or Reconaissance and Surface Exploration Permits) exploration studies (36%);
  • US$1.197 billion invested in activities related to Exploration and Extraction Contracts (16%).
  • US$1.645 billion in payments to the Mexican Oil Fund (22%).
  • US$1.671 billion in transfers to Pemex related to 3 signed farmout agreements (22%).

Investments in exploration, including contract-related activities and information acquisition, have generated a total investment of US$4.252 billion, which represents an additional 69% to investment made by Pemex during the same period (US$6.174 billion)1.

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Source: National Hydrocarbons Commission (CNH).

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