Renaissance Oil

What Renaissance Oil does

Renaissance Oil Corp. Mexico, SA de CV is an independent onshore oil and gas operator based in Mexico City, operating exclusively within Mexico. The company holds interests in five principal license blocks: three Chiapas blocks (Mundo Nuevo, Topén, and Malva) acquired in Mexico's December 2015 historic energy auction — the first onshore license auction in 80 years following the 2013-14 dismantling of the 76-year PEMEX monopoly — plus the Pontón block acquired in August 2016 in Veracruz, and the Amatitlán block held under an Integrated Exploration and Production Contract jointly operated with PJSC LUKOIL, a Russian major that selected Renaissance as partner in January 2017. Renaissance reports average production of approximately 1,244 boe/d across its operated blocks as of Q1 2020, with individual block performance ranging from 177 bbls/d (Malva) to 200 bbls/d (Topén) of crude plus associated natural gas from Cretaceous fractured carbonate and Upper Jurassic reservoirs.

The company applies advanced 3D seismic imaging and structural interpretation across all operated acreage to identify new development well locations, untested hydrocarbon amplitudes, and field optimization opportunities — capabilities it leverages as a domain-specialized operator rather than as a service vendor. Revenue is generated through direct production and sale of crude oil and natural gas from operated license blocks into Mexican and international commodity markets, with pricing determined by prevailing benchmark commodity prices rather than negotiated contracts. The firm is structured as a privately held Mexican corporation with 11–50 employees across headquarters (Mexico City) and two operations offices (Villahermosa, Tabasco; Poza Rica, Veracruz), and historically raised approximately $42.7M across five disclosed funding rounds from 2015 to 2020.

Name

Renaissance Oil

Legal name

Renaissance Oil Corp. Mexico, SA de CV

Website

https://renaissanceoil.mx

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Renaissance Oil is an independent onshore oil and gas operator in Mexico, holding five license blocks (including three in Chiapas and one in Veracruz) won in Mexico's historic post-PEMEX-monopoly auctions, and jointly operating the Amatitlán block with LUKOIL.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Well Intervention, Workover & Integrity Management (EUALAAAJ)

Keywords

• Onshore oil production
• Mature field development
• Oil and gas exploration
• Upstream oil operations
• Hydrocarbon field development

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Oil and Gas Production: Renaissance Oil generates revenue through production and sale of crude oil and natural gas from its operated license blocks in Mexico. The company focuses on developing mature fields with identified development drilling locations and workover opportunities to increase production levels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Renaissance Oil is an onshore oil and gas operator in Mexico that develops and produces crude oil and natural gas from mature fields acquired through government privatization auctions. The company operates five license blocks — Mundo Nuevo, Topén, Malva, and Pontón under standard licenses, and Amatitlán under an Integrated Exploration and Production Contract with LUKOIL — applying 3D seismic technology, advanced structural interpretation, and modern completion techniques to identify new well locations and optimize recovery from previously developed reservoirs.

Product overview

Renaissance Oil Corp. Mexico, SA de CV is an onshore oil and gas operator in Mexico providing integrated exploration and production services. The company operates five principal assets: three Chiapas blocks (Mundo Nuevo, Topén, and Malva) acquired in Mexico's historic 2015 oil and gas auction, the Pontón block acquired in 2016, and the Amatitlán block under an Integrated Exploration and Production Contract with LUKOIL. Renaissance leverages advanced 3D seismic technology and structural interpretation to optimize field development and identify new well locations across its portfolio. The company was the first independent oil and gas producer in Mexico after the 76-year PEMEX monopoly and holds more onshore license blocks than any other independent operator in the country.

Differentiator

Problem solved

Functional benefit

Products and services

• Mundo Nuevo Block Onshore oil and gas field in Chiapas, Mexico covering 27.7 km2 (6,845 acres), featuring a middle Cretaceous fractured carbonate reservoir discovered in 1977. Produces light oil and natural gas with Q1 2020 average production of 183 bbls/d of light oil and 4.1 MMcf/d of natural gas from development wells at an average reservoir depth of 3,580 meters.
• Topén Block Onshore oil field in Chiapas, Mexico covering 25.3 km2 (6,251 acres), with an upper Cretaceous fractured carbonate reservoir discovered in 1978. Production was suspended in September 2018 in preparation for field development activities; 2017 average production was 200 bbls/d of medium oil and 0.9 MMcf/d of natural gas at an average reservoir depth of 3,300 meters.
• Malva Block Onshore oil field in Chiapas, Mexico covering 21.2 km2 (5,239 acres), featuring an upper Cretaceous limestone reservoir discovered in 2003. Q1 2020 average production was 177 bbls/d of light oil and 1.1 MMcf/d of natural gas at an average reservoir depth of 2,680 meters.
• Pontón Block Onshore oil field in Veracruz, Mexico covering 12 km2 (2,965 acres), located 25km southeast of Panuco city. Produces from the Upper Jurassic San Andres formation (average reservoir depth 1,266 meters) and the Lower Cretaceous Tamaulipas Inferior formation (average reservoir depth 925 meters); discovered and put into production in 1971.
• Amatitlán Block (Integrated Exploration and Production Contract) Integrated Exploration and Production Contract operated jointly with PJSC LUKOIL, one of the world's largest oil producers, for joint development of the Amatitlán block currently held by Pemex-Exploración y Producción. The minimum US$50 million appraisal work program has been completed, with the contract expected to migrate to a new structure with enhanced economics for all parties.

Quantifiable outcome

• Q1 2020 average production: approximately 1,244 boe/d
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• LUKOILcoreStrategic or Co-development Partner · 1 January 2017In January 2017, PJSC LUKOIL, one of the world's largest oil producers, chose Renaissance as their partner for the Integrated Exploration and Production Contract for the Amatitlán block in Mexico. Renaissance took the lead role in operations for joint development of the Amatitlán block currently held by Pemex-Exploración y Producción. The minimum US$50 million appraisal work program has been completed for this Integrated Exploration and Production Contract.

Scale indicators8 records

Recent moves7 records

Expansion highlights3 records

Market position

Competitive moat3 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renaissance Oil