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As 2020 Ends, Door Remains Closed to New E&P Contracts in Mexico


As 2020 Ends, Door Remains Closed to New Oil and Gas E&P Contracts in Mexico
As 2020 draws to a close, the door remains closed for new exploration and production (E&P) contracts in Mexico’s oil and gas sector, with little visibility as to when they might resume.
With bid rounds, farmout tenders and service contract migrations frozen until further notice by President Andrés Manuel López Obrador, upstream activity will in the meantime be limited to state oil company Petróleos Mexicanos (Pemex) and the 111 E&P contracts awarded from 2015-2018 under the previous government following the 2013-2014 market-opening energy reform. ....

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Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says


Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says
“The Zama case is very important in our eyes and in the eyes of all oil investors, international and domestic, because of the precedents that will be set when the state oil company wants a share of production,” George Baker, Managing Principal of the Houston-based consultancy Baker & Associates and long-time publisher of the Mexico Energy Intelligence newsletter, told
NGI’s Mexico Gas Price Index.
“It would be a betrayal of the energy reform for Talos to have made a discovery only for the state to award operatorship to Pemex.”  ....

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