Companies operating in Latin America have set their eyes on nascent opportunities in the region like Guyana and Brazil, as Mexico has put the liberalization of its upstream sector on hold.
But the attractiveness of the 25 billion barrels of oil equivalent found in the deepwater Gulf of Mexico has not been lost because of politics.
We talked with Sergio Pimentel, a partner at Mexico City consultancy Agon and a former official at CNH, Mexico's energy regulator, about the country's regulations and how they can still be used to bring investment into the country.
We also talked with Bill Fuller of S&P Global Platts Analytics about the potential for Mexico's reserves and how private companies who have production contacts have performed in recent years.
Commodities Focus