Clean Energy and Intelligent Interconnections

Pemex Reform: Obstacles and Prospects

by Editors

Changes in the energy sector call for an update of Mexico’s PEMEX, but plans for reform are scarce and slow moving.  Mexico can look to other countries’ successful updates as models for their own reform. 

Energy Reform and the Future of Mexico’s Oil Industry: The Pemex Bidding Rounds and Integrated Service Contracts

This analysis of Mexico’s 2008 energy sector reforms begins with a quick overview of the challenges currently facing the Mexican National Petroleum Company, PEMEX, and the historical context that makes reform so politically controversial.  It then describes the content of the 2008 energy reform before turning to a detailed analysis of the implementation of this reform and its impact on investment and production.  It concludes that the relative success of this reform depends to a large degree on the expectations of the observer.  The reform did generate international interest in exploration and production in Mexico, but actual contract bids were relatively scarce.  This study provides the essential background to the current energy reform process in Mexico.

Este análisis de la reforma energética mexicana del 2008 comienza con un resumen de los obstáculos actuales que enfrenta Petróleos Mexicanos (PEMEX), y del contexto histórico que hace que estas reformas sean políticamente controversiales. El reporte describe también el contenido de la reforma energética del 2008 antes de analizar detalladamente la implementación de dicha reforma y su impacto en inversión y producción en el sector energético. Concluye que el éxito relativo de esta reforma depende principalmente de las expectativas del observador. La reforma sí generó interés a nivel internacional en la exploración y producción en México, pero contratos establecidos a través de las rondas de licitación fueron en realidad escasos. Este estudio provee los antecedentes esenciales al proceso de reforma que se está llevando a cabo en México actualmente.

Please click the following link, Energy Reform and the Future of Mexico’s Oil Industry: The Pemex Bidding Rounds and Integrated Service Contracts, to view the report originally published in the Texas Journal of Oil, Gas and Energy Law in June 2012. 

 

 

Un Nuevo Comienzo para el Petróleo Mexicano: Principios y Recomendaciones para una Reforma a favor del Interés Nacional

Este reporte es el resultado de una serie de reuniones entre un selecto grupo de académicos, analistas y representantes de la industria energética para discutir el futuro del sector mexicano de hidrocarburos. En vez de producir otra discusión exhaustiva sobre los problemas que enfrenta el sector, los participantes de estas reuniones del 2012 intentaron identificar una serie de principios que deberían guiar a los políticos mexicanos, dado que intentan llevar al país hacia un futuro energético más exitoso y sustentable. El reporte presenta once recomendaciones para los políticos mexicanos, en un momento en el que la nueva administración presidencial se preparaba para iniciar su mandato y de nuevo atacar la reforma petrolera. En el proceso, se presenta especial atención a la experiencia de tres países que logaron llevar a cabo reformas energéticas altamente exitosas – Noruega, Colombia y Brasil.

This report is the outgrowth of a series of meetings among a select group of academics, analysts, and industry representatives to discuss the future of the Mexican petroleum sector.  Rather than produce another exhaustive discussion about problems facing this sector, participants in these early 2012 meetings attempted to identify a series of principles that should guide Mexican politicians as they attempt to guide the country toward a more successful and sustainable energy future.  The report presents the group’s eleven recommendations for Mexican policymakers just as a new presidential administration prepared to take office and once again tackle petroleum reform.  In the process, it pays particular attention to the experiences of three countries that carried out highly successful energy reforms – Norway, Colombia, and Brazil.

Please click the following link to read Un Nuevo Comienzo para el Petróleo Mexicano: Principios y Recomendaciones para una Reforma a favor del Interés Nacional, a report by Instituto Tecnológico Autónomo de México (ITAM) and Mexico Institute at the Wilson Center in 2012. 

ABOUT THIS PROJECT

The U.S.-Mexico Network’s Imagining 2024 project is designed to provide readers a quick overview of key issues in US-Mexico relations – the background of the issue, its current state, where we ought to be by 2024, and how to get there.

 

Each short essay is coupled with suggested background readings for those interested in a more detailed understanding of the issue at hand.  And as an electronic publication, both the essays and their associated resource pages are updated as needed to keep the information and analysis fresh.
 

Return to the table of contents here.

 

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George Baker, editor of Mexico Energy Intelligence

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by Editors
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