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The future of Mexico's upstream sector takes shape


The future of Mexico's upstream sector takes shape

Report summary

The Mexican Senate just approved the secondary legislation. The final product is promising given its market-friendly approach. With the passing of the governing laws of the Energy Reform, the focus now shifts to Round Zero and subsequent licensing rounds. Round Zero has a mid-September deadline and will set the landscape for the upstream sector in Mexico. We believe that the first licensing round will offer JV opportunities with Pemex


What's included?

This report includes 2 file(s)

  • The future of Mexico's upstream sector takes shape PDF - 290.87 KB 3 Pages, 3 Tables, 0 Figures
  • Chart.xls XLS - 72.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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 upstream commercial data and analysis.

  • The upcoming rounds
  • A new fiscal regime
    • Existing Pemex's asset regime (asignaciones)
    • New contracts
    • (contratos)
    • This regime will apply to all assets that are awarded in future licensing rounds, post-Round Zero. We expect that specific fiscal terms will be announced on a round-by-round basis in order to give CNH maximum flexibility. According to the new Hydrocarbons Revenue Law, the bidding terms will include several variables, potentially including work commitments, signature bonuses, and additional royalties. The application of these variables will depend on the specific contract type used.

In this report there are 3 tables or charts, including:

  • The upcoming rounds
  • A new fiscal regime
    • Approved deduction limits for Pemex's asignaciones
    • The future of Mexico's upstream sector takes shape: Table 2
    • Approved royalties for all regimes
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