I’m very skeptical:
Mexico’s Leader Tackles Historic Oil Law
President Hopes to Boost Country’s Image and Bring Billions in Investment; Move Would Loosen 75 Years of State Monopoly
Mr. Peña Nieto’s government wants to allow private firms to share the risks involved in developing increasingly complex energy reserves such as deep-water oil deposits by letting them produce oil and gas through profit-sharing deals and joint ventures with state monopoly Petróleos Mexicanos, or Pemex. Current service contracts have only attracted oil suppliers, such as Schlumberger or Halliburton, which work on behalf of Pemex and can’t drill on their own.
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Read their comments section; I’m not the only skeptic here.
Halliburton and Schlumberger do not drill for oil, even as a drilling contractor, so I have no idea why they would be concerned. Oil exploration and production is generally not 100% government owned, even in Venezuela. Thus this vestige shows how socialist Mexico once was.
Just went to Tijuana and every Mexican I talked to said this was nothing but a political ploy and did not believe anything good would happen.
Good luckl
Any foreign company that gets involved ought to limit themselves to what they can afford to lose.