Houston Roadshow for Mexico’s Round Two

Houston Roadshow for Mexico’s Round Two

MEI REPORT NO. 840 – Houston, March 21, 2017

On March 9, 2017, a Houston audience was presented with an overview of the upcoming lease auctions in Mexico’s Round 2. The principal speaker was Juan Carlos Zepeda, president of the National Hydrocarbon Commission. Accompanying him were Salvador Ugalde with the Finance Ministry and Oscar Roldán, also with the Commission.

The speakers described recent enhancements of the bidding process, such as having a schedule for bid rounds and allowing a bidder to obtain a technical qualification certification for a given type of auction that would be valid for 5 years for all blocks of that type (such as shallow water). Table 1 compares features of the U.S. and Mexico offshore oil regimes, showing that there is just a one-third correspondence. The discussion itemizes concerns voiced offline by prospective contractors.

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Written by

George Baker

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.

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