1. To allow free competition and partnerships between state-owned and private companies under equal conditions.
2. To develop infrastructure that will address the growing demand for natural gas and ensure that all the states in Mexico have access to the transportation network, avoiding future supply crises.
3. To ensure that all tenders are subject to rules of transparency, competitiveness and accountability.
4. To promote the use of cleaner and cheaper fuels like natural gas that will lower electricity rates and develop a less polluting fuel mix. There will also be greater incentives to use clean energies.
1. Oil and Gas:
a. The Ministry of Energy will design contracts and technical guidelines for tenders and will award licenses.
b. Contracts will be awarded to the company that offers the best economic proposal to the government.
c. The economic and fiscal terms of licenses and contracts will be verified by the Ministry of Finance.
d. The Comisión Nacional de Hidrocarburos (the National Hydrocarbons Commission, CNH) will evaluate and select the bids that are in Mexico’s best interest, using technical and economic criteria.
2. Electricity: The Ministry of Energy, along with other regulatory institutions, will plan the expansion of the national electricity system, oversee the sector’s efficient operation, and determine the needed requirements to increase the share of clean energies.
3. CNH and the Comisión Reguladora de Energía (Energy Regulatory Commission, CRE) will be strengthened with greater transparency, as well as technical and managerial autonomy. Their board meetings will be public.
4. Both Petróleos Mexicanos (Pemex) and private companies will be able to process natural gas and will have the capacity to participate in the entire petrochemical productive chain.
- 2.7 billion boe of 2P reserves and 9 billion possible boe in the Chicontepec Basin and nearby onshore unconventional fields,
- 142 million boe of possible resources in shale gas fields in the Sabinas Basin,
- Deepwater acreage in the Gulf of Mexico holding an estimated 3.2 billion boe,
- An additional 1.2 billion boe of 2P reserves and 724 million boe of possible reserves in onshore, shallow water and heavy oil fields in various areas.
1. Round Zero: determines the areas where Pemex will have exclusivity over hydrocarbon exploration and exploitation rights. Round Zero was announced on August 14, 2014.
2. The secondary laws of the Energy Reform lay out a process for establishing a new electricity market, with a new independent State operator, as well as new market rules and regulations to be completed within 12 months.
3. Round One offers oil and gas resources for private investment. Guidelines will be published in the first quarter of 2015 and the projects will be awarded between May and September of 2015.