Grupo México Suspends Drilling Platforms Over PEMEX Debt

Grupo México has temporarily halted operations on four offshore drilling platforms due to continued nonpayment by PEMEX, the company reports.

In its 2Q25 financial statement to the Mexican Stock Exchange (BMV), Grupo México’s drilling subsidiary, Perforadora México (Pemsa), said that it is more viable to keep its jack-up platforms idle than continue operations without compensation. The affected platforms are located in Chihuahua, Zacatecas, Campeche, and Tabasco.

The decision contributed to a 64% annual drop in Pemsa’s revenue, which totaled US$42 million through the second quarter. The company’s EBITDA also fell 89% year over year to US$7 million. “Given PEMEX’s situation and the lack of payment to suppliers, it is better for us to have these platforms temporarily shut down than operating,” says the company, according to Bloomberg Línea.

Grupo México’s infrastructure division reported net sales of US$342 million in the same period, an 11.9% decline compared to the previous year. The drop was also attributed to the suspension of the four platforms.

During a call with analysts, company executives said they were prepared to weather the financial impact and expressed optimism that PEMEX would soon regularize its outstanding payments.