Awaiting the Mexican Wave – Challenges to energy reforms and raising oil output

This comment analyses the potential impact of the proposed Mexican energy reforms in light of the current state of Mexican oil production. It identifies the main themes behind the reforms and evaluates the prospects for shallow, deepwater and shale resources, along with the midstream and downstream sectors. The comment notes that while Mexico offers significant opportunities, financial and political challenges will limit foreign investment until after 2016, thereby preventing any material impact on Mexican production or on global oil supplies until after 2020. The steep decline rates at existing fields and a beleaguered midstream and downstream sector, which are not tackled by the reforms, will also likely limit foreign investment.

By: Amrita Sen , Shweta Upadhyaya

Latest Tweets from @OxfordEnergy

  • An OIES study (Saudi Arabia: Shifting the Goal Posts) cited in a new article in The Economist on OPEC long-term all… https://t.co/K1iuNCK1b4

    February 23rd

  • Heightened Geopolitical Risks in the Middle East and Potential Impacts on Oil Markets https://t.co/ur8Q0PxXit

    February 22nd

  • A new OIES paper on evolution of Japanese oil industry: Considering that demand for refined petroleum products will… https://t.co/jwajCfNQI4

    February 20th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.