Government delays deepwater bidding after shallow-water disappointment

Petróleos Mexicanos (Pemex) has had a monopoly over the Mexican upstream oil and gas industry since 1938, but the government is now opening up the sector to outside investment in an effort to combat production declines. While the only outside investment in the sector was previously through limited service contracts granted by Pemex, the government will now be able to sign royalty and tax licenses, PSCs, profit-sharing contracts and service contracts with investors.

GlobalData’s Mexico Upstream Fiscal and Regulatory report presents the essential information relating to the terms which govern investment into Mexico’s upstream oil and gas sector. The report sets out in detail the new contractual frameworks introduced under the country’s energy reforms, clearly defining the factors affecting profitability and quantifying the state’s take from hydrocarbon production.

This report includes:

  • An overview of fiscal terms governing upstream oil and gas operations in Mexico
  • Details on the legal framework and governing bodies administering the industry
  • Levels of upfront payments and taxation applicable to oil and gas production
  • Details of the licensing process in ‘Round 1’
  • Explanation of production sharing mechanisms in production sharing agreements

 

Do you have information on the special fiscal regime applicable to Petróleos Mexicanos (PEMEX)? Find out now!

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