MEI 775 – Problematic Issues in Round One and Beyond

What is needed for alignment of the State, society and the oil company?

This report expands on our Public Policy paper No. 10033. Table 1 identifies specific opportunities where SENER, SHCP and CNH may contribute to the alignment of interests between the State and oil companies as investors and operators. The table reflects insights offered by prospective bidders and legal and fiscal experts. The discussion contrasts the new oil regime with that of Pemex’s farmouts of 2003-13, and the regime in the US Gulf of Mexico. Principles of equity from the perspective of the investor/operator are set forth. We ask about the outlook for stakeholder feedback and the measure of success of Round One.

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Written by

Mexico Energy Intelligence

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.