HE DIVESTMENT PLAN proposed by Welligence Energy Analytics for Pemexwho drives Octavio Romerocould represent an unprecedented opportunity for the mexican economy.
This plan focuses on divest around 300 marginal fields that, although they represent only 15% of the total value of Pemexhost 25% of the country's 2P reserves.
Pemex would maintain approximately 80% of its production current situation, but the benefits of divesting these marginal fields are immense for the financial situation of Pemex and, therefore, Mexico.
According to the consulting firm, the plan would generate 17 thousand millions of dollars in payments for participation in these fields and 147 billion in future royalties and additional taxes, compared to a net debt of 106 billion.
This is equivalent to paying all your net debt and being able to finance your budget current for two years.
A conservative increase in the recovery factor in these marginal fields, from 24% to 27% in Petroleum and from 36% to 43% in gascould translate into an addition of 6.7 billion barrels of Petroleum equivalent in reserves, almost tripling the current 2P reserves of these marginal fields.
Inspired by Petrobras, the Brazilian oil company, which reduced its portfolio from 255 to 98 fields, Pemex could follow this effective model.
A fixed tax regime, in the style of farmouts, with price as the only variable, would be strategic.
Pemex's divestment plan represents a unique opportunity to improve the financial situation of the company and the country.
However, it is important to note that any divestment plan must be carried out responsibly, ensuring that the interests of workers, the environment and the Mexican economy in general are protected.
With proper management, this plan could be an important step toward a more prosperous future for Mexico.
FIBRA MONTERREY, led by Jorge Ávalos, plans to invest between 500 and 1 billion dollars over the next five years. This specialized real estate trust is preparing to acquire more industrial properties to take advantage of the business opportunities that arise from the nearshoring phenomenon. In 2024 alone, this company is preparing an investment of between 500 and 800 million dollars. There are five places in which this fiber has set its sights to expand with industrial properties: Monterrey, Tijuana, Querétaro, Ciudad Juárez and Chihuahua. Fibra Monterrey wants to buy Terrafina.
FINSA, BY SERGIO Arguelles, raised 605 million dollars from Mexican investors such as Afores to build more industrial parks in Mexico and take advantage of the relocation of companies, the so-called nearshoring. The group's objective is to consolidate a portfolio of class “A” industrial buildings fitted into seven corridors, namely Monterrey, Saltillo, Ciudad Juárez, Tijuana-Mexicali, El Bajío, Jalisco and El Centro, covering a total of 12 states. The intention of the Arguelles team is to add another 2 million square meters. In a second stage they will go for up to 300 million more dollars with foreign investors.
TUHABI, a PROPTECH COMPANY for the sale and purchase of used homes, obtained a loan of 30 million dollars. The operation, carried out with the International Finance Corporation of the World Bank and the Victory Park Capital fund, will allow it to strengthen its operations in the region. This alliance not only promotes inclusive development, but also improves transparency and liquidity for low- and middle-income consumers. Brynne McNulty Rojas' firm has raised more than $600 million in equity and debt, and has helped Latin American families carry out transactions worth more than $1.5 billion.
CYDSA INITIATED A partial buyback offer of its senior notes worth up to $50 million. Tomás González Sada's company offers $940 per thousand of the principal amount of the notes, and an early offer payment of $50 per thousand of the principal amount of the notes. The resources for the purchase offer will come from new bank financing. The principal amount currently in the possession of the holders is 252 million 10 thousand dollars. The offer to purchase the bonds will expire on May 7, 2024. The partial repurchase offer seeks to release capital and reduce its debt.
ACAPULCO HAS MANAGED to recover 46.3% of its hotel capacity just over five months after Hurricane 'Otis', reported Miguel Torruco Marqués, head of the Ministry of Tourism. This means that there are 9,500 hotel rooms available, 500 more than were available for the Tianguis Turístico. The initial goal was only 5 thousand rooms, which demonstrates good progress in the recovery of the port. Torruco mentioned that the unity between the private sector, the local population and the three levels of government has been fundamental to achieve this progress.
THE RECENT downward revision of Mexico's growth by the World Bank, from 2.6% to 2.3%, reflects the uncertainty surrounding foreign investment. Despite expectations of relocation of plants by foreign companies, investment announcements have not materialized. This raises questions about the effectiveness of nearshoring as a strategy to stimulate economic growth in the region.
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