Category Archives: Featured

Deconstructing Minister Coldwell

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Deconstructing Minister Coldwell MEI 819 (HOUSTON) — Pedro Joaquin Caldwell, 66, Mexico’s energy minister since 2012, was the keynote speaker at the conference on Mexico’s Energy Reform at Rice University’s Baker Institute on September 23, 2016. His presentation, delivered in Spanish and with slides in English, offered an overview of the new oil and power Continue Reading

Trión Deal: Farmout or PSC?

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Trión Deal: Farmout or PSC? — The deal being offered to prospective bidders is not yet clear. The winner is required to spend US$464 million, but is this an Earning Event in a farmout, or Carried Interest in a Production Sharing Contract?

Energy Reform As PRI Franchise

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Energy Reform As PRI Franchise: Looking for the long term Major changes in energy policy in Mexico have always taken place during PRI administrations. This report asks about how the energy reform package of 2013-15 may be understood as a PRI work-product, that is, as measures that are influenced by PRI’s ideology and seven-decade experience Continue Reading

MEI 809.1 — Seeking Synergy in Perdido: Pemex offers too little, too late

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MEI 809.1 — Seeking Synergy in Perdido: Pemex offers too little, too late This report (MEI 809) was finished on June 5. Its purpose was to identify contract models that could serve for IOC partnerships in Pemex’s blocks, with special reference to blocks that might auctioned in tandem with those in Round 1.4, scheduled for Continue Reading

Restructuring Mexico’s Electricity Market: Origin and Outlook

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Restructuring Mexico’s Electricity Market: Origin and Outlook This report takes a fresh look at the origin and policy goals of the electricity reforms in Mexico. Just as the Electricity Act of 1992 sought to correct unintended consequences of the nationalization in 1960; so too the electricity package of 2013-15 seeks to correct unintended negative consequences Continue Reading

Trión 101: Pemex proposes fast-track deep water partnership

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This report draws on industry courses for an initial impression of Pemex’s last-minute proposal to include the Trión block in an auction to be scheduled in parallel with Round 1.4.

Public Policy Perspective 10037: Paths to Pemex Partnership

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Paths to Pemex Partnership Farmout, Cash Sale and Carried Interest PUBLIC POLICY PERSPECTIVE 10037 — This report identifies three contract models that could serve in partnerships between IOCs and Pemex in Pemex blocks: 1) Farmout, 2) Standard Production Sharing Agreement (PSA), 3) Carried Interest PSA. Table 1 provides a list of the advantages and disadvantages Continue Reading