The Energy Policy Research Foundation recently released, “Mexico’s Petroleum Future, Understanding the Economic Value of the New Energy Model”. The New Energy Model refers to the energy reform measures implemented in Mexico over the last few years, and they offer considerable potential to lift oil and gas production, increase employment and deliver technological advances while adding revenues to federal, state and local governments. The report includes findings that point to a substantial rise in crude oil production beginning in 2020 along with the employment of 130,000 workers and 500,000 indirect jobs. It also points out Mexican President Andres Manuel Lopez Obrador’s call for more investment directed to existing contracts that comprise the country’s “New Energy model” despite his intention to impose a 3-year halt on new oil and gas bid rounds for further assessment related to national investment concerns.
The full report can be found here.