ONSHORE EOR/IOR

If Round 1.4 was groundbreaking for the international standing of Mexico’s oil and gas industry, Round 1.3 was the equivalent for the national side of the sector. Dubbed as another triumph for the Energy Reform and the country itself, the onshore auction concluded with the allocation of all 25 blocks located in three onshore areas. Almost 90 percent of those blocks were snatched up by Mexican companies, marking a huge step forward for the competitiveness of the national oil and gas industry. A repeat performance is expected during the upcoming onshore Rounds 2.2 and 2.3 in July 2017.

A breakdown of Mexico’s onshore blocks and prospective resources is presented in the following pages, along with the views of the winners of Round 1.3 and the experts and partners that helped them achieve success, as well as a review of what the future holds for Mexico’s onshore oil and gas sector.