Mexico - 01

Mexico: Round 1.4 Cements the Energy Reforms

On 5 December two of the most crucial events for the implementation of the energy reforms in Mexico took place – the fourth call of Round 1 (Round 1.4), comprising the 10 deepwater blocks located in the Gulf of Mexico, as well as the bidding round for Trion, Pemex’s first private partnership in exploration and production. Expectations for the round were high amid pressure from opposition parties and increased skepticism from several Mexican business associations. The blocks on offer had notably been labeled the “crown jewels” because of their strategic location and enormous potential.

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