In 10 months, Pemex completed the drilling of 20 exploratory wells, according to data from the Ministry of Energy.
An exploratory well is a borehole drilled to confirm the existence of oil or gas in a previously unproductive or little-explored area.
Exploratory wells
Pemex intensified its exploration activity and the incorporation of reserves. It also focused its strategy on the efficient use of assets. It applied recovery techniques in mature fields and promoted developments in priority areas.
Between October 2024 and June 2025, it completed the drilling of 20 exploratory wells. As a result, it added 282 million barrels of crude oil equivalent to its 3P reserves.
With the completion of the Bakte-1DEL well scheduled for the end of August, it is projected to reach a total of 312 MMbpce.
In the offshore portion of the Southeast Basins, discoveries were made in the Tlatitok-101 and Konen-1 wells, while in the onshore portion of these basins, discoveries were made in the Macavil-1, Puk-1, Popte-1A, Jep-1, and Iklum-1A wells, currently under evaluation. At the same time,
PEMEX completed the Ixachi 3D seismic survey, the most extensive in Latin America at 1,346 km², and made progress on permits, topography, and drilling, including seismic acquisition in Ampliación Huelitli (27 km²).
By the end of August, the Bakte-1DEL well is expected to be completed and an additional 250 km² of seismic data collected, strengthening certainty about the Bakte field’s reserves.
Strategic plan
On August 4, 2025, Fitch raised Pemex’s debt rating from B+ to BB, with a stable outlook. A month later, on September 8, Moody’s did the same, raising its rating from B3 to B1.
One day after Fitch’s announcement, the Ministry of Finance, the Ministry of Energy, and Pemex presented the 2025-2035 Strategic Plan. The document outlines the financial and production roadmap for the next decade.
The plan prioritizes energy sovereignty and private investment. It also emphasizes the traditional hydrocarbon chain, without neglecting industrial, logistical, and administrative challenges. Likewise, it defines Pemex’s role in the transition to renewable energies.