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US$1.6 billion has
been offered to the
state in tiebreaker
payments during
the rounds and
farmouts

Gaspar Franco was appointed Commissioner of the National
Hydrocarbons Commission in April 2016. An engineering
graduate of UNAM and UACAR, he is the first petroleum
engineer designated by the Senate to hold such a position

Goodrich Riquelme y Asociados advises IOCs and key players involved in exploration and production activities.

Bidders had to submit all their bids before the first block was awarded and, after the auction, many firms regretted their bidding strategy

Speed and transparency have characterized the licensing rounds, with the industry particularly pleased that regulators are listening to their concerns

Deloitte’s role focuses on offering objective, technical based opinions that its clients and partners use in their own decision-making processes.

There is important information available in the Data Room, which has been easy to access, interpret, and assess.

The key factor for IOCs will be the economic terms offered by the new fiscal regime and the materiality of the opportunities.