Mexican Reform Creates Offshore Boom

The date is important – Aug. 11, 2014. That was the day Mexican President Peña Nieto signed a package of laws designed to attract and encourage foreign investment into the country’s oil, gas and electrical grids. With the reform codified, the country was open for business and companies like Shell, Total, BP, Petronas Repsol and BHP rushed in.

Image Caption

The Zama-1 well in the Sureste Basin, drilled by the Ensco 8503 rig

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