Sheinbaum Rules Out Mass Oil Output Push and Seeks Petrobras Technical Pact

Overview

• President Claudia Sheinbaum said Tuesday that her government will not pursue indiscriminate increases in crude production and will prioritize domestic supply, sustainability and strengthening Pemex.
• The administration expects to sign a developing cooperation agreement with Brazil's Petrobras this month to provide technical analysis of mature fields and search for deeper reserves.
• Officials say the Petrobras role is technical not operational and will use specialist methods to test deeper layers in depleted fields such as Cantarell to identify probable and possible reserves.
• The government will keep and tighten mixed public‑private contracts, offering long‑term tenders mainly to Mexican service firms under rules meant to protect state revenue.
• The shift in emphasis toward reserve study, Pemex capacity and more renewables could slow any rapid export‑driven output gains while aiming to shore up domestic fuel availability and reduce environmental risks.