The existing PSA contracts in Brazil stipulate a maximum 50% of cost oil during the first two years of production and 30% after that.
Analysis
José Pablo Rinkencach Lizárraga
Director
AINDA Consultores
The Energy Reform allows the Mexican government to hold several types of contractual agreements for hydrocarbon exploration and production
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News Article
As part of the Energy Reform, PEMEX was given a right of preference over other oil companies that are interested in exploration and production
Fluvio Ruiz Alarcón
View from the Top
Fluvio Ruiz Alarcón
Professional Board Member
PEMEX
We specifically followed the 6th Transitory Article of the Constitutional Amendment on Energy.
News Article
On April 30, 2014, President Enrique Peña Nieto submitted the proposal for the secondary laws of the Energy Reform to Congress.
he restrictions related to basic petrochemicals and the constraints imposed on the participation of foreign companies in that segment are eliminated.
Insight
Nicolas Borda
Partner
Greenberg Traurig
As a consequence of the Energy Reform, Mexico’s GDP is expected to grow an additional 1% by 2018 and reach a 2% annual increase by 2025.
News Article
On December 12, 2013, the Permanent Commission of the Mexican Congress approved amendments to Articles 25, 27, and 28 of the Mexican Constitution
Fernando Zendejas
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Fernando Zendejas
Chief
The Legal Unit of the Ministry of Energy (SENER)
The Energy Reform puts SENER in charge of deciding which areas of the country will be offered in bidding rounds
Pedro Joaquín Coldwell
View from the Top
Pedro Joaquín Coldwell
Minister of Energy (SENER)
The energy sector is one of the main drivers for Mexico’s development, and the Energy Reform changes the country’s operating framework
All the resources in the country’s subsurface will continue being property of the nation.
Insight
David Enríquez
Partner
Goodrich Riquelme y Asociados
The Energy Reform finally formalizes the most liberal regime in Mexico’s history.
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