August 2018, Vol. 245, No. 8


How the Historic Energy Reform Transformed Mexico’s Oil Fortunes

By Maria Cortez, Senior Research Manager, Wood Mackenzie Five years ago, few would have predicted that Mexico would be capable of overhauling its oil and gas sector, much less through a downturn. Yet since the constitutional reform of 2013, Mexico has dramatically revivified its upstream sector. Notable milestones in Mexico's energy reform Recognizing the challenge of attracting capital post-2014, the government set about providing competitive fiscal terms that would work for investors. Nine licensing rounds have resulted in the award of more than 100 blocks. Among these were some of the highest profile tenders held globally in the

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