5 Things You Need To Know Now About Mexico’s Energy Reforms

Mexico's landmark constitutional energy reforms, enacted in December 2013, were lauded as the start of a new era for private investment in Mexico.  Nearly five months in, how has the government fared in implementing these reforms?  Here are the 5 things you need to know.

1.  Identification of Sites Is On Schedule.  The energy reforms established a March 21, 2014 deadline for Petroleos Mexicanos ("Pemex") to identify the areas and fields it would like to maintain in its portfolio.  Pemex's selections (which must be approved by the government) indicate it will likely retain all currently producing fields and release nearly two-thirds of prospective resources for private investment.  Bid rounds will likely be held during the First Quarter of 2015, with a possible additional round held in the Third Quarter.