Carlos Morales Gil worked at Pemex for more than 40 years, but he submitted his resignation a few years ago to move to the private sector to PetroBal. The firm won an important block in the past oil rounds, generating a debate in the country.
Energy Reform was created with the goal of increasing production and reserves metrics in Mexico and private companies continue to give good news on these issues. Fieldwood Energy and Petrobal announced a new mega discovery.
The election of Andres Manuel Lopez Obrador (AMLO) as president created an environment of uncertainty due to his positions against private investment. However, several companies and investors have sent messages to the president of Mexico, showing their confidence in the country.
Enrique Peña Nieto (EPN), former President of Mexico, promoted Energy Reform with the promise of reactivating oil production in a short time. His government made three Rounds signing several contracts, but few agreements have given results so far.