Exhibit 10.3
(Part 1 of 2)
April 28, 2020
Ing. Octavio Romero Oropeza
Director General
Petróleos Mexicanos
Avenida Marina Nacional No. 329
Torre Ejecutiva, Piso 44
Colonia Verónica Anzures
Alcaldía Miguel Hidalgo
11300 Ciudad de México, México
Dear Ing. Octavio Romero Oropeza:
We hereby consent to all references to our firm as set forth in the Annual Report on Form20-F of Petróleos Mexicanos (“Pemex”) for the year ending December 31, 2019 (the “Form20-F”), under the headings “Presentation of Information Concerning Reserves”, “Item 4. Information on the Company – Infrastructure of PEMEX – Exploration and Production – Reserves”, and “Item 19. Exhibits. Documents filed as exhibits to this Form20-F”, and to the filing of our audit letter dated April 15, 2020, as an exhibit to the Form20-F. We have audited the estimates of Pemex’s proved oil, condensate, natural gas, and oil equivalent reserves, as of January 1, 2020, for 18 fields located in the Cantarell and Ku-Maloob-Zaap business units in the Marine regions of Mexico. These estimates were prepared by Pemex Exploración y Producción in accordance with the reserves definitions of RegulationS-X Rule4-10(a) of the U.S. Securities and Exchange Commission.
Sincerely, | ||
NETHERLAND, SEWELL INTERNATIONAL, S. DE R.L. DE C.V. | ||
By: | ||
Robert C. Barg, P.E. | ||
President |
RCB:LMS
Exhibit 10.3
(Part 2 of 2)
April 28, 2020
Ing. Octavio Romero Oropeza
Director General
Petróleos Mexicanos
Avenida Marina Nacional No. 329
Torre Ejecutiva, Piso 44
Colonia Verónica Anzures
Alcaldía Miguel Hidalgo
11300 Ciudad de México, México
Dear Ing. Octavio Romero Oropeza:
We hereby consent to all references to our firm as set forth in the Annual Report on Form20-F of Petróleos Mexicanos (“Pemex”) for the year ending December 31, 2019 (the “Form20-F”), under the headings “Presentation of Information Concerning Reserves”, “Item 4. Information on the Company – Infrastructure of PEMEX – Exploration and Production – Reserves”, and “Item 19. Exhibits. Documents filed as exhibits to this Form20-F”, and to the filing of our audit letter dated April 15, 2020, as an exhibit to the Form20-F. We have audited the estimates of Pemex’s proved oil, condensate, natural gas, and oil equivalent reserves, as of January 1, 2020, for 46 fields located in the Cinco Presidentes and Macuspana-Muspac business units in the Southern region of Mexico. These estimates were prepared by Pemex Exploración y Producción in accordance with the reserves definitions of RegulationS-X Rule4-10(a) of the U.S. Securities and Exchange Commission.
Sincerely, | ||
NETHERLAND, SEWELL INTERNATIONAL, S. DE R.L. DE C.V. | ||
By: | ||
Robert C. Barg, P.E. | ||
President |
RCB:LMS