Ronda Cero webcast: A Guide for the Perplexed

Mexico is following the example of Brazil of allowing the state oil company to select oil those oil and gas properties that it wishes to retain prior to any international tenders for future blocks. This initial step was called a “Round Zero.” By the Decree of December 20, Pemex was given 90 days to submit its wish-list of blocks. On March 28, a week after the submission of its request to the Energy Ministry (SENER), Pemex and the Ministry held a joint webcast in which Pemex explained the logic and scope of its requests.

This report comments on the topics discussed, and also offers an annotated copy of the Pemex slides that were presented.

Page 1 of this report may be downloaded here.

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.