Mexico’s Deep-Water Oil Round: The Time Of Truth For Energy Reform?

1/12/16 Forbes

oil wellMEXICO CITY — For Mexico, 2016 is drawing to a close as a difficult year. The security situation has shown no signs of improvement, with fighting among organized criminal groups and the spike in the homicide rate that occurred in 2015 (after a hopeful decline from 2011 to 2014) continuing into the first nine months of the year. In turn, low oil prices and increasing public debt levels prompted budget cuts that have impacted government spending, notably in state-owned oil company Pemex.

In this context, a sign of hope at the end of 2016 concerns developments around energy reform, the vast legal change passed in 2013 that opened up hydrocarbon exploration and production to private sector investment.  Specifically, on December 5th all eyes will be fixed on the results of the fourth round of the first bidding process (Round 1.4) to undertake exploration and production in 10 deep water oil fields in the Gulf of Mexico.

Read more…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s