Haynes and Boone in Mergermarket: Foreign Deals in Mexico’s Oil Industry Could Take Shape in 2015

07/14/2014


International oil and gas companies and service providers could begin striking deals in Mexico’s oil and gas industry in 2015, once legal changes become more clear, according to energy bankers and lawyers in Mexico and the US.

Oilfield service companies with a history of working inMexico, international oil producers, and stateowned entities could all look to partner with Mexico’s national oil company Pemex or with Mexican service companies, those sources say...

Privately heldMexican oilfield services companies are actively looking to transform themselves into upstream exploration and production companies or diversified oil and gas enterprises, said Haynes and Boone’s George Y. Gonzalez. Such companies are already having discussions with foreign companies and private equity sponsors to form joint ventures and secure expertise and capital, he said. Areas of particular interest for Mexican companies are fracking techniques and best practices, deepwater technology and experience, and enhanced production methods for mature wells, he said...

In addition, consortia of Mexican businesses with access to capital but not already in the energy business are interested in forming international joint ventures to secure upstream and services knowledge, said Ricardo Garcia-Moreno, an attorney at Haynes and Boone.

Excerpted from Mergermarket, July 14, 2014. Link to article not available.

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