Mexico’s recently approved energy laws present a unique opportunity for private investors to once-again participate in Mexico’s oil and gas industry. The reform leads to some legal issues investors should consider when bidding on Mexico’s recently announced opportunities.
In November 2008, Mexico passed its first round of energy reforms (since privatization in 1938) authorizing PEMEX to enter into private contracts for exploration and production. Under those laws, PEMEX developed a model integrated services contract (the PEP Model Contract) and opened bidding for stakes in the Carrizo, Santuario and Magallanes fields.
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