The second round of bidding under the energy reform in Mexico has been completed. The energy reform steps are intended to open the energy sector to public and private companies.
The results reveal 15 contracts being tendered for exploration and extraction of hydrocarbons in shallow waters of the Gulf of Mexico through “shared production contracts.” Other offers being tendered concerned the exploration and extraction of hydrocarbons in conventional terrestrial (dry and wet gas on land) reservoirs. The third tender has been viewed as the most competitive in that it would be possible to allocate 100% of the contractual areas. In this last tender, a single company obtained five contractual areas.
Read an August 2018 report (Spanish) prepared by the KPMG member firm in Mexico
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.