Mexico wants to boost the oil sector and the government has made several adjustments in requirements to take part in the oil rounds since the beginning of Energy Reform. The National Hydrocarbons Commission (CNH) talked about these changes and the goal of making them.
Energy Secretary Pedro Joaquín Coldwell, said that investments made after Energy Reform was enacted have allowed Mexico to discover more deposits now than at any time during the last 70 years.
The Energy Regulatory Commission (CRE) said that there should be a regional integration with the US and Canada to create a worldwide economic competing bloc.
Mexico will carry out a new oil Round next year; it will be the eighth auction since 2014, when Energy Reform started. There are high expectations from the success of previous rounds. Pedro Joaquín Coldwell, Energy Secretary, talked about this new Round.
The National Institute of Natural Resources and Governance (NRGI) highlighted the National Hydrocarbons Commission’s (CNH) transparency measures, although other Mexican entities fell 11 places in four years in 2017’s NRGI Index of Governance.
The National Institute for Access to Information and Protection of Personal Data (INAI) asked Pemex for information on its subcontracted employees, but the NOC declared most of the required information as “non-existent.”
Mexican authorities are celebrating the excellent results of the past rounds, but it seems that they have neglected an important aspect of the sector, Research and Development (R&D). The number of people working in this area has declined considerably in recent years.
Enrique Peña Nieto, President of Mexico, spoke about the Mexican oil sector and its prospects for the future. He is optimistic and stressed the importance of Energy Reform to boost the industry.