Country report
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42 Pages

Mexico upstream summary

Mexico upstream summary

Report summary

Oil production started in the early 1900sThe first commercial hydrocarbon discovery in the country was the giant Ebano oil field in 1904, in the Tampico-Misantla basin. This was rapidly followed by discoveries in the prolific Golden Lane, also part of the Tampico-Misantla basin. Golden Lane oil production began in 1910 and by 1917 Mexico's oil production reached 151,000 b/d. In 1921, production reached a peak of 529,000 b/d and Mexico accounted for approximately 25% of world oil supply. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.24 MB 42 Pages, 19 Tables, 11 Figures
  • Country Overview XLS - 730.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Oil production started in the early 1900s
    • Nationalization and the establishment of Pemex
    • Cantarell and peak production
    • The 2008 Energy Reform and launch of integrated service contracts
    • The 2013 Energy Reform and the opening of the sector for private investment
    • Round One
    • Five-year licensing plan
  • Key facts
  • Location maps
  • Key companies
    • Pemex
  • Geology
    • Introduction
    • Veracruz basin
      • Córdoba Platform
      • Veracruz Tertiary basin
    • Tampico-Misantla basin
      • Golden Lane Trend
      • Poza Rica Trend
      • Chicontepec (Proyecto Aceite Terciario del Golfo)
    • Burgos basin
    • Sabinas basin
    • Franja de Fallas Extensionales
    • Sureste basin
      • Salina del Istmo sub-basin
      • Reforma-Comalcalco and Tabasco-Chiapas sub-basins
      • Macuspana sub-basin
      • Campeche sub-basin
  • Exploration
    • Drilling
      • Drilling activity
      • Deepwater
      • Unconventional potential
  • Reserves and resources
  • Production
    • Oil
    • Gas
    • Gas
      • Wellhead gas vs sales gas
  • Infrastructure
    • Oil infrastructure
    • Oil
    • Refineries
    • Gas infrastructure
      • LNG terminals
      • Gas storage
      • Gas processing
  • Policy and regulation
    • Key legislation
      • Privatisation of midstream operations
    • State oil company
    • Pemex funding
      • Pemex funding post-PIDIREGAS
    • Licensing
    • Multiple Service Contracts
      • Bidding process and contract terms
    • Integrated Service Contract Rounds (CIEP)
      • Mature fields rounds (1st & 2nd)
    • Round One
      • Shallow-water exploration phase
      • Shallow-water development phase
      • Onshore development phase
      • Deepwater exploration phase
  • Fiscal terms
    • Overview
    • Current fiscal terms
    • Royalty
    • Round One fiscal terms
    • Shallow-water exploration PSC
    • Shallow-water development PSC
    • Onshore license regime
    • Deepwater license regime
    • Pemex
      • Current fiscal regime
    • Additional taxes
    • Mid/downstream
      • Pipelines
      • Gas utilisation

In this report there are 30 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
  • Geology
    • Map of Pemex Operating Regions
    • Map of Mexico Basins
  • Exploration
  • Reserves and resources
    • Reserves
    • Commercial Oil Reserves by Region at 01/01/2016
    • Commercial Sales Gas Reserves by Region at 01/01/2016
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
    • Liquids Production by Region
    • Liquid Production by Asset
    • Production: Table 5
    • Production: Table 6
    • Production: Table 7
    • Production: Table 8
    • Gas Production by Region
    • Gas Production by Asset
  • Infrastructure
    • Oil Infrastructure Map
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Gas Infrastructure Map
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Cost cap
    • GEM models
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