“We were very happy and grateful to have had a first successful round. But now as we finish this first successful round, in the Mexican government we want to standardize, to make it more efficient, and to speed up the process. I have heard often that Mexico offers too few blocks. In terms of our potential, in terms of our prospective resources, yes, we can speed up, we can offer more blocks, we can open more areas for bidding. How many more? Well, that would depend precisely on the nominations. This is one of the reasons why the Ministry of Energy opened this nomination system. We want the industry to tell us, how many more, how fast. We want to adjust the pace of the biddings and the number of blocks to increase the industry’s interest to invest in Mexico”, Juan Carlos Zepeda, President Commissioner of the National Hydrocarbons Commission (CNH), said in an interview.

Mexico has come a long way since it initiated its energy reform in 2013. A new regulatory and institutional framework has brought an end to long-standing monopolies, opening competition as well as private and international investment in all aspects of the nation’s oil and gas industry value chain.

After the successful round 2.1 for shallow water drilling held June 19, rounds 2.2 and 2.3 auctions will be held on the same day in July. According to officials, Round 2.4 (deepwater and unconventional onshore) has yet to be determined but should take place before the end of 2017.

The 2nd Offshore Mexico Congress on Nov. 13-14 in Mexico City, Mexico offers the information that you are keen to know.

Session 1: Invest in Mexico Upstream: New Rules and More Opportunities

For more options, register online or contact us by maisiec@szwgroup.com or call our team by 86 21 5830 0710 ext 8038.

LinkedIn Group (Offshore Mexico Community): http://www.linkedin.com/groups/10307867

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