Mexico’s energy reform will likely continue under President-elect Andrés Manuel López Obrador but one expert expects policy shifts in certain areas, including more upstream partnerships with the country’s national oil company, Pemex, and fewer outright contract awards.
Luis Gomar, Mexico City- and Houston-based partner with Thompson & Knight LLP, told Hart Energy that he takes a wait-and-see approach on the policies López Obrador will enact after taking office. However, he is heartened by the newly elected president’s softening of positions toward private industry late in the campaign.
“I think that energy reform has been found by everybody to be positive as far as investment is concerned,” Gomar said. “I think that the new government will find that the awards have been ordered very transparently, that the economics associated with the awards granted are very positive.”