Only 20% of Mexico‘s territory is prospective to search for oil and other hydrocarbons, estimated the president of the Mexican Geological Society, Adán Oviedo.
Currently an average of 1 million 634,000 barrels per day of oil is produced, of which 71% are concentrated in 15 oil fields.
Oviedo indicated that in order to materialize greater production, it is necessary to expand the execution capacity of Petróleos Mexicanos (Pemex) and change its tax regime, in order to reinvest 50% of its income.
When developing the topic “The oil system and its relationship with the exploration strategy”, María de Lourdes Clara Valdés, president of the Mexican Association of Petroleum Geologists, highlighted the importance of geological exploration to increase the certainty in the quantification and distribution of the Prospective resources, in order to support the definition of the hydrocarbon exploration strategy.
She estimated that, in the short and medium terms, the incorporation of oil reserves will continue to come from the Southeastern Basins, while in the medium and long terms it will come from the provinces of the Perdido Folded Belt and Salina del Bravo (off the coast from Tamaulipas and the Salina del Istmo Basin, located in the deep Gulf of Mexico).
On the occasion of it, Flor de María Harp, director of the Geological Survey of Mexico (SGM) pointed out that “Mexico has more than 1,000 mining operations, which include those that are in exploration, development and activity.”
According to the SGM, Mexico has a potential of 70% in metallic and non-metallic mineral deposits in its territory.
“Geological-mining cartography is key for the identification of mineral deposits, generating geological charts by regions of the Mexican territory, where currently the 1: 250,000 scale has been completed one hundred percent and 48% progress has been made for the cartography in 1: 50,000 scale in greater detail, ”said Harp.
In his presentation “The geology and use of groundwater”, Raúl Morales Escalante, a member of the Board of Honor of the Mexican Geohydrological Association, explained that groundwater is extremely important in the country, but to know if it is feasible that In the subsoil there are materials with the necessary characteristics to store and allow water movement, geological studies have to be carried out.
Escalante called it “shocking” that water has started to trade on the Wall Street futures market ” and said that the price of this vital liquid will begin to fluctuate like oil, gold and wheat do.
In his opportunity, Raúl Maya González, a member of the Mexican Geothermal Association, made known Mexico’s potential for geothermal electricity generation, since it has sufficient proven reserves to generate 286 MegaWatts (MW); tested for 5,730 MW and possible to produce up to 7,422 MW.
He recalled that Mexico ranks sixth in the world with 908.6 MW of installed capacity in four plants located in Cerro Prieto, Baja California; Tres Vírgenes, in Baja California Sur; Los Azufres, in Michoacán and Los Hmeros, in Puebla.
With the energy reform, 20 concessions were authorized for the exploration of geothermal deposits, of which 13 were obtained by the Federal Electricity Commission.
In general, solar energy, geothermal energy, wind and water are potential resources that must be developed, “so it is essential to value and promote technical scientific knowledge of Earth sciences in Mexico, learn to live in a a more sustainable and responsible way if we want to have a better standard of living and well-being ”, indicated Sergio Almazán Esqueda, president of the Association of Mining Engineers, Metallurgists and Geologists of Mexico (AIMMGM).
All participated in the webinar “The importance of geology in Mexico”, organized within the framework of the Geologist’s Day.