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America shale gas, the tar sands of Canada in recent years in the international energy sector scenery infinite, with the North American Mexico seems to be lost inthe shadows. However, in Mexico this year, breaking 76 years of oil and gasindustry monopoly, make snap to begin energy reform, let look for the industryworldwide, even speculated that, Mexico is expected to become the next focus ofenergy development in North america.
Shale resources does not lose its neighbours
The mention of shale oil and gas, now seems to have become American energyunique label, Eagle Ford basin America territory is known as the most abundantshale gas resources in North America, there are more than 8000 wells are active in the area. In contrast, the same near the Mexican border on Mexico side of theBurgos basin is quiet a lot of. According to the Canadian "Financial Post"reported, although the area of oil and gas reserves may be as high as 60000000000 barrels, but now there are only drilled 25 wells.
In fact, shale oil and gas resources in Mexico compared American and inferior.According to the "oil and gas journal" of the data, as of 2013, Mexico has provennatural gas reserves of about 17 trillion cubic feet. Among them, have ink southern region has proven natural gas reserves the most, while the northern region is expected to become the future growth of the center.
According to American Energy Information Administration (EIA) estimates, Mexico is one of the world's shale gas reserves, may have the technology about 545trillion cubic feet on the potential of recoverable shale gas reserves, mainly concentrated in the northeast and the east of ink. Among them, Burgos shale gas resources in Mexico basin is the most concentrated area.
Although Mexico is rich in resources, but has been quite a bit "far away" means.Mexico is a net importer of natural gas, in 2012 the country imported 779000000000 cubic feet of natural gas, of which 620000000000 cubic feet is through the pipeline from the American import and.
The Mexico shale gas development started is far behind USA. In 2011, Mexico's oil(Pemex) was in the northern region of the first output of shale gas. Later that year,the Mexican government announced in the same area and major discoveries, will greatly enhance the country's proven natural gas reserves. Pemex earlier this year also said that plans to drill 10 wells testing, the total number of Mexico,geochemical logging will be increased to 175 mouth. Of course, compared withclose to the American state of Texas in the territory of 13000 wells, or pale.
Oil and gas development potential of infinite
Mexico rich oil and gas resources naturally attracted a large number of the industry look. "At present, Mexico has become the North American energydevelopment of rare land of opportunity." Pacific Rubiales Energy general counselPeter Volker comments that. Ernst & Young Mexico branch of oil and natural gasbusiness person in charge Oscar Lopez also referred to Mexico as "virgin territory", and said the country has the opportunity to form a considerable scale ofnew markets.
Mexico oil and gas development foreground is valued also benefited from anenergy reform progress. Since President Felipe Nieto was elected in 2012, lasted two years and ultimately promote the reform, to break the ink oil and gas industry decades of monopoly. At present, the pace of reform is accelerating.
As a long-term legal consultant Pemex Canadian lawyer Jay Parker said: "Mexico to promote energy reform quickly. The constitutional amendment soon passed,two bill also is accelerating, the supervision is also gradually improve. I know at the Mexico government to this matter, almost every day to work in the past 18 hours."
Mexico efforts are rewarded. According to the International Energy Agency (IEA)estimates that if all goes according to plan, after the reform, Mexico can attractinvestment of about $350000000000 in 10 years.
Of course, the first domestic energy reform in Mexico has encountered a lot ofresistance. For example, Pemex as the ink the main oil and gas companies, theannual income accounted for 4.7% of gross domestic product of ink, ink of government revenue is 30% to 40% are from the company, break this monopoly position of an enterprise is not easy. Ink Department of energy to placate Pemex,announced in August this year the oil field development and opening up, speciallyset up a "zero wheel" (Round Zero) in the bidding process, namely the public bidding preferred choice before allowing the Pemex oil and gas resources.
The Canada Company or the first to benefit
However, the government of Mexico for the Pemex "protection" did not stop the enthusiasm of foreign investors, many companies from the Canadian province of Alberta will focus on Mexico.
"Zero bidding round instead became the biggest opportunity." Canadian energy company founder Eduardo Rodriguez Flatstone says, "there will be a large number of contract project opportunities in the future, such as the transformation of the old oil field. All of these provide real opportunities for Canada Company." He and his company has advised its grasp the opportunity in Mexico customers in canada.
According to Citibank's estimate, the next 5 to 10 years, Mexico potential oil and gas project total investment of $32300000000.
Pacific Rubiales Energy has signed an agreement with the Pemex, the future will be involved in the exploration, deep, to revive the old fields, and the development of heavy oil and super heavy oil. "We think, the cooperation and the Pemex is the only way to enter the market steady." Volcker said, "the oil and gas industryshould state the concept, deeply embedded in the culture of Mexico."
Rodriguez thinks, the key opportunities focused exploration and production. "It's a bit like the opening dance, just who first jump problem. Now, Pacific Rubiales seems to lead. The next 12 to 24 months, is expected to see more companies to enter the Mexico energy field."
According to Mexico media reports, at present the ink energy department hasidentified 169 production block, both on land also has the sea, the total reserves of about 18000000000 barrels, will provide in the next year the first round bids forforeign investors.
Ernst & Young in a report pointed out that the speed of Mexico energy reformtimetable, may let foreign companies did not have much time to study and formulate detailed asset purchase strategy, and prepare the bidding report.Moreover, international oil and gas companies also need to spend more time to understand the regulation of new policies and regulations. However, Parke said,because of Mexico many new regulations actually follow is "Canada" mode, so theCanada Company may be the first to benefit.
"Financial mail" pointed out that the current oil and gas produced in Canada and Mexico production have certain competition, need through the railway, cross-border pipeline from Canada to the Gulf of Mexico oil refinery as convenienttransport, Mexico. However, Lopez has said: "the United States refinery demand for heavy oil quantity is very large. I am more inclined to the North American oil producing region as a whole comprehensive, Canada and Mexico is actually cancomplement each other."
In addition, the Canadian TransCanada company is aimed at the "deficiency"Mexico infrastructure opportunities. It is understood that the company has invested about $2600000000 in Mexico natural gas field, including 5 pipelines, wherein thetwo under construction.
"Natural gas infrastructure needs Mexico's growth is very significant."TransCanada natural gas business CEO Karl Johansson said, "Mexico is currently looking at the North American market, and clearly expressed the wish to becomeone of the important. The country is from the center to the north of the construction of infrastructure, the future hope to access network in North america."
TransCanada also plans to Mexico bid for the two power projects, the total value of about $1500000000.
"In fact, we carry out the negotiation with Pemex has been there for a while."Johansson said, "at present, our operation in Mexico is completely focused onelectricity and power plants, but this does not affect our Pemex as an important future customers, we are willing to carry out cooperation with other business is."
However, investment in Mexico also face some obstacles. For example, localunions, opposed to open its oil and gas industry the introduction of foreign capitalexploitation. But Johansson said, these objections cannot become the restrictionof its business in the ink block, "we will pay attention to these problems would be included in the development plan to".