Hokchi Energy

What Hokchi Energy does

Hokchi Energy S.A. de C.V. is a Mexico-based oil and gas exploration and extraction company founded in 2016 as the Mexican operating subsidiary of Argentine energy group Pan American Energy (PAE). The company operates under two Production Sharing Contracts (PSC) with Mexico's National Hydrocarbons Commission (CNH) in the Salina Basin of the Isthmus: the Hokchi Block off the Tabasco coast and Block 31 off the Veracruz coast. Hokchi became the first private company to drill a well in the Mexican Gulf of Mexico, and by 2023 had consolidated its position as Mexico's largest private oil producer at 26,685 barrels per day.

The company's core assets are offshore production infrastructure — two marine production platforms, over 100 km of subsea pipeline networks, jack-up drilling operations in shallow waters (30–40 m), and the onshore Paraíso hydrocarbon treatment plant in Tabasco with 38,000 barrels/day of crude processing capacity. A water injection treatment plant entered operations in 2023 to support enhanced oil recovery, and 3D seismic acquisition campaigns (50 km², 16,516 shot points) have been deployed across Block 31 using nodal sensor technology. Hokchi generates revenue by extracting and selling crude oil and natural gas under profit-sharing arrangements with the Mexican government; its sole contractual counterparty is the CNH, and all major procurement (drilling, equipment, construction) is procured through formal public tenders (licitaciones).

Name

Hokchi Energy

Legal name

Hokchi Energy S.A. de C.V.

Website

https://hokchienergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hokchi Energy is a Mexico-based oil and gas exploration and extraction company operating two Production Sharing Contracts (Hokchi Block and Block 31) in the Gulf of Mexico's Salina Basin, producing 26,685 bpd as Mexico's largest private oil producer, serving Mexico's state hydrocarbons regulator CNH.

Ownership category

akta.pro rank

Headquarters

HQ city

Miguel Hidalgo

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hydrocarbon Production under Production Sharing Contracts: Hokchi Energy operates under Production Sharing Contracts (PSC) with Mexico's National Hydrocarbons Commission (CNH) for hydrocarbon extraction in the Gulf of Mexico. The company generates revenue through the sale of extracted crude oil and natural gas, with profits shared according to contractual terms with the Mexican government.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Hokchi Energy is an offshore oil and gas exploration and extraction company operating in the Gulf of Mexico under two Production Sharing Contracts (PSC) with Mexico's National Hydrocarbons Commission (CNH). The company produces crude oil and natural gas from the Hokchi Block off the Tabasco coast and the Block 31 (Xaxamani area) off the Veracruz coast in the Saline Basin of the Isthmus, with operations supported by marine production platforms, over 100 km of subsea pipelines, and an onshore hydrocarbon processing plant in Paraíso, Tabasco.

Product overview

Hokchi Energy is a hydrocarbon exploration and extraction company operating in the Gulf of Mexico with two Production Sharing contracts in the Salina Basin: the Hokchi Block (Tabasco coast) and Block 31 (Veracruz coast). The company's portfolio consists of oil and gas assets, offshore extraction infrastructure (marine platforms, FPSO vessels), and onshore processing facilities (hydrocarbon processing plant and water injection treatment plant). Core operations span well drilling and completion, crude production, and processing with approximately 23,000 barrels of oil equivalent per day output and 38,000 barrels daily crude processing capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Bloque Hokchi (Hokchi Block Crude Oil and Natural Gas Production) Offshore oil block operated by Hokchi Energy in the Salina Basin off the Tabasco coast, Gulf of Mexico, producing crude oil and natural gas at approximately 23,000 barrels of oil equivalent per day. Crude is transported via subsea pipeline to the Paraíso onshore processing plant. Sold under a Production Sharing Contract with Mexico's National Hydrocarbons Commission (CNH).
• Bloque 31 - Área Xaxamani (Block 31 Xaxamani Crude Oil Production) Offshore oil block off the Veracruz coast where Hokchi Energy plans to develop the Xaxamani area with 4 marine production/injection platforms, 15 wells, and an FPSO processing vessel at a total investment of $3,000 million USD. Crude oil production under a Production Sharing Contract with CNH.
• Planta Paraíso (Paraíso Hydrocarbon Processing Plant) Onshore hydrocarbon processing plant located in Ranchería Las Flores, Paraíso municipality, Tabasco, with 38,000 barrels daily crude oil processing capacity. Receives crude from the Hokchi Block via subsea pipeline and treats it for commercial sale.

Quantifiable outcome

• 23,000 barrels of oil equivalent per day production capacity
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Pan American Energy (PAE)coreOthersHokchi Energy is the Mexican subsidiary of Pan American Energy (PAE), a leading energy company in Argentina and the region, headquartered in Buenos Aires. PAE provides strategic oversight and support for Hokchi's operations in Mexico.

Scale indicators12 records

Recent moves6 records

Expansion highlights3 records

Others

• SLB (Schlumberger): Global oilfield services leader providing drilling, completions, and production technologies used by Hokchi across its Mexican offshore operations. Comparable as a key enabling service provider rather than a direct E&P competitor.

Direct peers

• Murphy Oil Corporation: Independent E&P with material Gulf of Mexico production and exploration exposure. Comparable to Hokchi as a publicly-listed offshore producer with operations in overlapping US/Mexico Gulf of Mexico acreage.
• Fieldwood Energy: Privately-held Gulf of Mexico-focused E&P operating shallow and deepwater assets. Comparable as a private peer operating in the same Gulf of Mexico basin under similar offshore production economics.
• W&T Offshore: Shallow-water Gulf of Mexico producer with a focus on mature fields and infrastructure-led E&P. Comparable to Hokchi's Hokchi Block and Block 31 model of producing from established shallow Gulf of Mexico acreage with integrated processing.
• Vista Energy: Latin American-focused independent E&P with significant Mexican upstream operations. Comparable as a private-public hybrid operator running multiple onshore/offshore blocks in Mexico under similar regulatory frameworks.
• Talos Energy: US-listed independent E&P focused on offshore Gulf of Mexico production, including shallow-water assets and exploration. Highly comparable to Hokchi as a Gulf of Mexico-focused upstream operator with similar offshore infrastructure and PSC-style economics.

Broad incumbents

• Petróleos Mexicanos (Pemex): Mexico's state-owned integrated oil company and the dominant operator in the Gulf of Mexico. Comparable as the incumbent against which Hokchi competes for CNH contracts, regulatory access, and downstream offtake.
• Pan American Energy (PAE): Hokchi's Argentine parent company and a leading regional upstream operator. Comparable as the broader Latin American integrated upstream platform that funds and supports Hokchi's Mexican operations.

Emerging players

• Renaissance Oil Corp: Mexican-focused upstream E&P with CNH contract positions. Comparable as a smaller private-public operator pursuing similar shallow-water and onshore opportunities in Mexico under the post-reform PSC framework.

Regional players

• Diavaz: Mexican oil & gas services and upstream operator with offshore experience in the Gulf of Mexico. Comparable as a domestic Mexican player providing adjacent services and competing for similar CNH contract opportunities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hokchi-energy

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Hokchi Energy