Unitization of Shared Reservoirs in Mexico and Risks of Indirect Expropriation
Article from: TDM 4 (2022), in Latin America
Seven years after the publication of the Constitutional Energy Reform, Mexico counts with 111 Contracts in force with private companies and/or Petroleos Mexicanos (PEMEX), besides 399 Entitlements exclusive to the latter, to carry out the Exploration & Production of Oil & Gas in the country. Nevertheless, the government elected in 2018 has implemented a new energy policy that rejects several of the principles of the Energy Reform and aims to reinforce the role of the State, mainly through PEMEX, in order to achieve the objectives of energy security and sovereignty. Even though ...