It is expected the new energetic law will bring billions of dollars in investments to expand oil and natural gas production in Mexico.
The energy industry opportunities will be categorized in vertical markets. Those being:
- Deep water.
- Shallow water.
According to Luis Enrique Guerra Garcia, it is impossible for Pemex to continue to explore and develop resources without additional investment. He told that $60 billion is needed to properly develop the potential of these resources.
Production contracts will be regulated and overseen by a newly formed Hydrocarbon National Commission. They will govern the investments in Mexico by foreign companies.
This is expected to be the most important change in creating economic development in Mexico.