The director of Pemex, Víctor Rodríguez, from Tamaulipas clarified: "The subsoil, rights, and reserves belong to the nation, the oil is for the Mexicans, but if we do not develop it jointly with technology and capital, then it does not generate wealth for all Mexicans." With the support of the Ministry of Finance, Pemex has reduced its debt but has not managed to stop the losses. The field is located in the Perdido Fold Belt (CCP) in the deep waters of the Gulf of Mexico, 180 kilometers east of the coast of Tamaulipas and 90 kilometers south of the maritime border with the United States. Since then, some work has already been done on the field. According to the government, this development is part of the Mexico Plan, meaning it is not part of the new mixed contracts approved by the Sheinbaum administration, which have had little success in the market due to the centrality that Pemex maintains. Despite doubts in the sector, Sheinbaum acknowledged that she is analyzing the use of fracking for energy sovereignty. In this regard, from Tamaulipas, the head of Sener assured that strengthening Pemex does not harm private investment, "as seen in this case, on the contrary, it makes it possible for the conditions to be in place for this sovereignty and reliability to be reflected in certainty for the Country and investors," she said. For the oil company, it is urgent to attract new investors as production continues to fall: in 2025 it decreased by 7% compared to last year, despite the government's efforts to rescue the oil company and help it pay its main debts. After years of delays, this Wednesday the Mexican government and the firm Woodside officially kicked off the work on developing the Trion field, the first ultra-deepwater project in the country. The project, tendered during the government of Enrique Peña Nieto, will require an investment of over ten billion dollars and is also expected to generate that same amount in taxes and royalties for public finances. The development plan, in which Pemex has a 40% stake, contemplates drilling 24 wells with an estimated production of 33 thousand barrels per day by 2028 and reaching 109 thousand barrels in 2030. It has an area of 22.6 square kilometers and proven, probable, and possible (3P) reserves of 305 million barrels of oil equivalent. The partnership between Pemex and the Australian company dates back to the sexenium of Enrique Peña Nieto. Trion was the first field approved in the farmout, in the so-called Round One, meaning the opening of a sector that had remained closed for nearly 7 decades after the nationalization of oil. The partnership was won by BHP Billiton, competing only with the British BP Exploration, despite the fact that up to 15 participants were expected. "Today is a huge step for Pemex in the implementation of the Energy Reform, the results are extraordinary," said Antonio González Anaya, who was the director of Pemex at the time. At that time, it was expected that the project would start in 2017, but it was suspended and the project became complicated with the arrival of Andrés Manuel López Obrador, who gave a nationalist turn to energy policy. The partnership was resumed in 2023 already with the merger between BHP and Woodside.
