How government expectations were not met

What was lost in Round 1.1: How government expectations were not met

Round 1 - Market 075MEI REPORT 788 (HOUSTON) — Our new report, MEI 788, identifies the areas where government expectations were not met in the CNH auction of July 15. For the government, the outcome represented the penultimate worst-case scenario: the worst would have been had there been no bidders at all. We provide consideration for what alternatives could be adopted to minimize the risk of such an outcome happening in the future:

  1. The use of a restricted tender, with only specific oil companies invited to bid
  2. The provision for a technical tie where two or more bids differ by 10% or less
  3. Moving Round 1.4 (deepwater) forward to Round 1.2.

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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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