1. Mexico

Pemex has received permission to explore the onshore Tampico-Misantla Basin in southeastern Mexico in the states of Tamaulipas, San Luis Potosi and Veracruz. Pemex will explore for unconventional shale-based resources. Exploration wells will be drilled and tested in mature fields. With the development of additional resources, the country’s present production could increase by about 300,000 bbl/d to about 1.9 MMbbl/d in 2021 and 2.4 MMbbl/d by 2024. According to the country’s National Hydrocarbons Commission, Mexico’s unconventional resources amount to an estimated 67.8 Bboe, of which approximately 32 Bboe are in the Tampico-Misantla Basin.

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