Mexico - 01

Mexico: Zama-1 Raises Expectations and Political Stakes: Implications for Round 2.4

Zama-1, the first well explored with private capital in the Gulf of Mexico, has exceeded all expectations. In the medium term, Zama-1 will provide Mexico with profits fluctuating between 68.99% and 80%. According to SENER, Zama-1 will ultimately provide about $36bn to the national treasury. Meanwhile, there is great optimism among the consortium operating Zama-1. Sierra Oil and Gas’ director general, Ivan Sandrea, noted that this discovery highlights the importance of private capital in Mexico’s economic growth under the energy reforms.

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