When Mexico’s historic energy reform legislation became law on Dec. 21, 2013, it opened the country to foreign investment in its oil and gas sector for the first time in 75 years. A linchpin of President Enrique Peña Nieto’s campaign, the far-reaching reform and subsequent secondary legislation enacted an entirely new legal framework for all of Mexico’s oil and gas activities. Every sector is affected, from geological surveying, to storage and transportation, to exploration and production.
A competitive bidding process was also established. The newly formed Mexican National Hydrocarbons Commission (CNH) has published the bidding and contract terms for the first three phases of the Round 1 bidding process, which includes shallow-water, shallow-water production, and onshore areas. The Commission is also expected to announce the deepwater areas to be awarded, as well as bidding and contract terms. Join Mayer Brown lawyers Dallas Parker and Gabriel Salinas as they discuss the bidding process in Mexico.
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