For a Sustained Growth in Oil Production Mexico’s New Government Will Need to Resume Bidding Rounds Sooner Rather Than Later

Following recent statements by Fluvio Ruiz Alarcon, a current advisor to Mexico's president-elect Lopez Obrador team and former Pemex board member, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “Maintaining and resuming soon CNH's upstream bidding rounds should be a pragmatic move for the new government. Pemex can directly award drilling contracts for onshore and shallow water, as promised recently by Lopez Obrador to service companies, but even if this is successful in increasing domestic production . . .