Field_Development

Pemex wins approval for Mexico offshore field plan but target hopes fading

State oil giant given green light for one of its "priority" projects, but lower risks on these assets do not make up for falling volume

Falling short: Pemex no longer has giant offshore developments in the pipeline, such as Ku Maloob Zaapn, shown here in 2013
Falling short: Pemex no longer has giant offshore developments in the pipeline, such as Ku Maloob Zaapn, shown here in 2013Photo: REUTERS/SCANPIX
  • Gareth Chetwynd
London
MexicoPemexCNHTabascoAmericas
Published 4 December 2020, 12:30Updated 4 December 2020, 12:30