Mayer Brown lawyers, Francisco Mendez, Dallas Parker, and Gabriel Salinas, gave a presentation on the status of Round 1 at the Association of Corporate Counsel’s February chapter meeting in Houston.

The presentation provided analysis of Mexico’s first ever public bidding process and discussed updates on the Phases of Round One.

The Phases covered offshore shallow water exploratory fields (Phase One); offshore shallow water development fields (Phase Two) ; and onshore and a limited amount of near shore shallow water mature fields (Phase Three).

Phase Four – offshore deep and ultra-deep waters (often thought of as the “big prize”) is scheduled to take place by mid-year 2016, and a further Phase Five has been announced without a great deal of specifics so far, that will cover unconventional fields.

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