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Once one of the world s biggest producers, Mexico has had a sweet and sour relationship with the upstream industry. In my experience working in the Mexican O&G industry, I witnessed the transition of a nationalized industry, once described by Juan Pardinas, former director of the Mexican Institute on Competitiveness, as hermetically sealed and on par with that of North Korea [1], to an industry allowing the participation of foreign investment. It has been quite an experience to witness such a rapid movement in an industry where nothing occurred (from a regulatory standpoint) for more than 70 years. After so many years of stagnancy, the 2013 Mexican Administration pushed for a quick reform and a faster implementation to catch up with the global industry and call upon international investors. In a relatively short period, these efforts resulted in the awarding and performance of 111 exploration and exploitation contracts. While the framework is not perfect, perhaps some of t ....
Once one of the world's biggest producers, Mexico has had a sweet and sour relationship with the upstream industry. In my experience working in the ....
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