Overview

• Carso will execute the work through subsidiaries GSM Bronco and MX DLTA NRG 1 under a financed services contract disclosed to Mexico’s stock exchange.
• The plan covers drilling and completion over three years, with the total value scaling down if fewer than 32 wells are delivered and financing costs included in the cap.
• Pemex will make 21 monthly installments per well starting in January 2027, with at least 12 wells expected to be onstream by the time payments start.
• Ixachi, in Veracruz, currently produces about 93,000 barrels of oil and 715 million cubic feet of gas per day, and 28 wells have already been drilled with Carso participation.
• The announcement comes as Pemex faces heavy debt and supplier arrears, and follows Carso’s disclosure of substantial unpaid balances from prior contracts such as Quesqui and Ixachi.