With oil prices making a comeback in the market largely thanks to OPEC’s agreements and international cooperation, the industry has an opportunity to consolidate the Energy Reform’s promise and jump into a new era of productivity. Authorities, now threading more easily into their new roles, are proving to be key players in the successful evolution of this new Mexican oil and gas era. With Round One behind and Round Two becoming a reality, the official opening of the market to private participation begins to throw a light onto the new configuration of the Mexican oil and gas industry and what it should look like in 2018.

This chapter discusses Mexico’s position internationally and looks at the potentially critical events on the horizon for clues about where the industry should be looking next. The industry’s leading voices share their insights, while delving into ways the industry can turn challenges to advantages.