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The future of Mexico's upstream sector takes shape

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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 contains

  • Document

    The future of Mexico's upstream sector takes shape

    PDF 290.87 KB

Table of contents

  • The upcoming rounds
    • 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.
      • Approved fiscal/bidding variables for all regimes
      • Local content
      • What's next?

Tables and charts

This report includes 3 images and tables including:

Tables

  • 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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