Why Major Investors are Now Being Drawn to Mexico: New Report
Thursday, January 25, 2018
Evaluate Energy, Daily Oil Bulletin and Sproule have partnered in a new report highlighting oil and gas upstream M&A activity in Latin America from 2014 to 2017. The report includes commentary from Sproule’s Jim Chisholm, Vice President, Latin America to provide great context to the data and the opportunities and challenges that abound in Latin America oil and gas industry.
In this segment, we focus on Mexico’s $800 million in upstream deals, agreed by state-controlled Pemex, in 2017 which moved them up to fourth place in pure dollar terms, just behind Colombia. Fuelled by Mexico’s energy reforms, enacted in 2014, Mexico’s abundant onshore and offshore basins are now starting to attract significant independent and foreign investment. If the momentum achieved in 2017 continues, Mexico can expect significant additional investment over the next 11 months.
Get a snapshot of Mexico M&A activity by reading the article and then download the full report to gain insight on the details of the seven stages of license awards, Pemex’s US$800 million in joint arrangement and an overview of the licensing award schedule for 2018 and beyond.