Mexico’s national oil company Petróleos Mexicanos (Pemex) unveiled its 2016-2021 business plan that will see the company take advantage of the Energy Reform with an aggressive farmout program, expecting to increase production by 15%.
On one hand, predictions might be senseless if events move slowly. On the other hand, predictions may become obsolete if things move quickly. As it is with legal, there usually is a range of possibilities in the middle; it depends.
The contractual framework for such opportunities will be subject to a higher degree of scrutiny, not only because the new regulations to be enacted for such purpose, but because they will also be closely monitored based on both national and international standards.