Mexican government designated Zama as 'strategic project'
Optimism grows around Mexican upstream
Things are looking up for exploration and production in Mexico, with new finds and developments set to boost output in coming years
Recent announcements, deals and discoveries have greatly bolstered Mexico’s upstream and may help it continue to reverse declining production and ease NOC Pemex’s huge debt burden. ASX-listed Woodside has taken FID on Trion. The once-stalled Zama project is moving forward, following other offshore discoveries so far this year. And Pemex is already reporting rising crude output—all of which suggest the country’s upstream might be turning a corner. Woodside is targeting first oil from Trion in 2028. The Australian firm expects to receive regulatory approval for its field development plan in the fourth quarter of this year and describes Trion as comprising a “deepwater… large, high-quality conv
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
