MEXICO GAS DEMAND UP
The Mexican government is hoping a cash infusion from outside investors will bring the nation's pipelines and transportation facilities into the 21st century, an absolute must considering the promise of increased production stemming from energy reform.
Benjamin Torres-Barron, partner at multinational law firm Baker & McKenzie and leader of its energy, mining, and infrastructure practice group in Mexico, anticipates that awards from Round One bidding will "surely" offset declining fields, such as Cantarell, "considering that within those fields there are an estimated 3.8 [billion boe] 2P reserves and of 14.6 [billion boe] 3P reserves," he said.
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