Pemex undergoes corporate restructuring to cut expenses and boost production

The director of Pemex (Mexican Petroleums) , Octavio Romero Oropeza , has implemented some changes in the state oil company’s organizational structure, aiming to “eliminate excessive, superfluous, and unproductive expenses through which we will make available additional financial resources for substantive activities.”

Some of these changes include eliminating 375 job positions at the company’s headquarters and subsidiaries, including senior managers, advisers, secretaries, drivers, and trusted employees in administrative areas, all of which will generate savings of MXN$549.2 million a year .

Furthermore, the Pemex Subsidiary Company for Oil Drilling and Services will merge with Pemex Exploration and Production , creating eight management areas to support the Sub-Directorate of Strategic Exploitation Projects with 64 technical specialties, all of which is aimed at increasing Pemex’s hydrocarbons production capacity.

Pemex Ethylene and Pemex Industrial Transformation

will also merge, while the areas of Oilfields, Gas, and Petrochemicals Production will be aligned. The number of Pemex subsidiaries will go from six to four. The Corporate Directorate of Information Technology and the Corporate Directorate of Alliances and New Businesses will disappear.

Furthermore, the Sub-Directorate of Transport and Logistical Coordination Management will be reinforced to fight fuel theft.

Meanwhile, the Coordination of Consultants will be eliminated, as well as the Office of the Director General . The Internal Control Unit will be significantly reduced to handle only internal control activities and assistance in recruitment processes, along with the Audit Unit.

Both the Technical Secretariat and the Legislative Liaison, as well as other non-substantive departments will be moved to the Corporate Directorate of Administration and Services.

In addition the sub-directorates of Budget and Accounting will be merged, as well as the Treasury and the Economic-Financial Sub-Directorate. All four management departments for Coordination of Subsidiaries will be fused into two while incorporating the Financial Analysis and Financial Evaluation managements.

Pemex to lay off 16,000 workers as part of austerity measures

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