JOURNAL ARTICLE

Slim's Carso to Drill at Pemex's Ixachi Field in $2 Billion Deal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Vasquez, Alex 3 of 3

Abstract

The article focuses on Carlos Slim's Grupo Carso SAB signing a $1.99 billion contract with the state oil company Petroleos Mexicanos (Pemex) to drill 32 wells in the Ixachi natural gas field in Veracruz over three years. The Ixachi field is significant for its production capacity, yielding approximately 93,000 barrels of oil and 715 million cubic feet of gas daily. Despite Slim's efforts to enhance efficiency in the oil sector, Pemex continues to face substantial financial challenges, including a $100 billion debt. The contract allows for potential cost reductions if fewer than 32 wells are drilled, and Pemex is expected to start payments in January 2027, funded by income from hydrocarbons produced. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/09, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:188317529
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