On July 3rd, 2015, the Organic Bylaws of the Productive State-owned Subsidiaries of Petróleos Mexicanos known as Pemex Exploración y Producción (“PEP”) and Pemex Cogeneración y Servicios (“PCS”) were published in the Federal Official Gazette.
Pursuant to such Organic Bylaws, PEP’s organic structure will be composed of: (i) a Board of Directors, (ii) an Operational Coordination, (iii) a Head of Production and Development, and (iv) a Head of Exploration, each with several departments and management offices.
Regarding the organic structure of PCS, it will be composed of: (i) a Board of Directors, (ii) a Chief Executive Office, and (iii) several management offices.
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