“Mexico successfully reforming its oil patch”
“It’s a success in that it has attracted a broad range of international oil and gas companies,” said Andy Derman, the international energy practice group leader at Thompson & Knight, which hosted a conference on Mexico’s energy reforms at the law firm’s Houston office.
The Mexican government proved that it has learned from Brazil and other countries that recently opened drilling to foreign firms, and it has avoided their mistakes. It adopted international norms, stuck to an aggressive schedule and enforced strict pre-qualification requirements.
“Meeting the Mexico time frame was difficult for Americans. It was moving a little too fast for us down here, so many couldn’t get their act together,” Derman said.