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An Overview of the Legal Market in Mexico
The enabling legislation and regulations adopted in the energy arena have resulted in a process whereby in December of 2014 the bidding for oil exploration rights in 14 areas of the Gulf of Mexico was opened to international and domestic private companies. There are strict expertise and capital requirements for participation in the bidding process, which will continue until July of this year. The decrease in global oil prices has had limited impact on large oil companies’ interest in offshore projects because they know these endeavors can take years to complete and can provide significant returns for decades. This perspective was recently articulated by the U.S. Congressional Research Service in a January report.
Read More at: https://bol.bna.com/an-overview-of-the-legal-market-in-mexico/
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