Press Esc to close



For full content view: Log in Now!

  • The oil reform in Mexico

    George Baker

    There is good news and bad news coming out of Mexico’s oil sector: The good news is that the government and the sharply divided Congress have been able to agree, finally, on an oil reform package. The package makes progress on three fronts: First, it seeks to dramatically upgrade public oversight of the famously independent national oil company, Pemex. Second, it seeks to strengthen corporate governance in Pemex by restructuring and expanding the corporate board of directors and by increasing the authority and responsibility of the presidential appointee who is the chief executive. Third, it seeks to give Pemex greater flexibility in the design of contractual models for goods and services, including incentive (or performance) bonuses. The bad news is about what was omitted from the reform package: specific measures to improve exploration, explicit measures to involve the expertise of oil companies in deepwater E&P, and making the tenure of the corporate director general at the pleasure of the Pemex board.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology