Economic Analysis of the New Petroleum Fiscal Terms of Mexico
Article from: OGEL 1 (2016), in Mexico's Oil and Gas Sector Reform
Executive Summary
Mexico amended the Constitution in 2013 in order to permit the participation of private and foreign companies in the development of the Mexican petroleum resources. In 2014 the required legislation was passed. During 2015 two swallow water and one onshore bid round were held. In 2016 a deep water bid round is planned. In general the progress that Mexico has made during the last two years has been impressive. This report reviews the fiscal terms that were applicable initially and the fiscal terms that are planned for the proposed round. Terms during the first bid round were too ...