On December 11, 2014, the National Hydrocarbon Commission of Mexico announced the proposed terms for the shallow water bidding round, consisting of the Bid Conditions and the Model Contract.
J. Jay Park, Q.C. and Pedro van Meurs prepared a joint commentary on both these documents. This report is available for free to interested parties. Click Here to download the document.
The document contains a number of suggestions designed to make the Model Contract competitive and more consistent with best international practices, and to ensure that Mexico achieves the maximum benefits from the opportunities arising from its petroleum reforms.
The document is written in order to be helpful to the Government of Mexico and interested parties.