THE MEXICAN OIL & GAS REFORMS: RECENT OPENING OF THE MEXICAN OIL & GAS SECTOR: STATUS OF THE HISTORIC ENERGY REFORM AND KEY ISSUES FOR IMPLEMENTATION

• Jurisdiction: Derecho Internacional

International Mining and Oil & Gas Law, Development, and Investment
(Apr 2015)
CHAPTER 13A
THE MEXICAN OIL & GAS REFORMS: RECENT OPENING OF THE MEXICAN OIL & GAS SECTOR: STATUS OF THE HISTORIC ENERGY REFORM AND KEY ISSUES FOR IMPLEMENTATION
Elisabeth Eljuri
Partner
Norton Rose Fulbright S.C.
Latin America

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ELISABETH ELJURI is Head of Latin America of Norton Rose Fulbright. She is also a senior energy practitioner of the firm and an active member of the international arbitration group of the firm globally. Elisabeth received her law degree from Universidad Católica and an LLM from Harvard Law School. She is admitted to practice in New York and Venezuela. In Latin America, Elisabeth focuses on corporate and transactional work involving high-end sophisticated transactions for major energy companies as well as international dispute work related to energy, projects, and infrastructure. She has worked in the energy business in Venezuela, Mexico, Colombia, Peru, Guatemala, Bolivia, Argentina, Guyana, and other Latin American countries. She has been particularly active in the Mexican energy sector over the past 14 years. Major deals she has handled include acquisitions of hydrocarbon companies and producing areas, upstream contract negotiations, a crude oil storage and ship loading project and several of the world's largest gas injection projects. She has extensive experience in profit/production sharing agreements, JOAs, JSBAs, farm-outs, gas licenses, upstream joint venture companies as well as midstream and downstream related and major projects. Elisabeth is Immediate Past President of the Association of International Petroleum Negotiators (AIPN) based in Houston and is considered a leading natural resources and energy practitioner in the Latin American Region, and has published extensively in this area. For instance, Chambers ranks Elisabeth in Band 1 for the entire Latin America region, and Star Individual for Venezuela. Likewise, since 2010, each year, Who's Who in Oil and Gas has selected Ms, Eljuri as one of the top 10 energy practitioners worldwide, stating that "Eljuri is one of the true stars in Latin America."

Challenges and Opportunities with the Mexican Production Sharing Contract

Elisabeth Eljuri, Head of Latin America, Norton Rose Fulbright

Rocky Mountain Mineral Law Foundation, Special Institute April 21, 2015

The Exploration and Extraction PSCs

• Two bids occurring sequentially this year (July and September)

• The Exploration PSC was published in December. The Extraction PSC was published in February.

• The March version of the Exploration PSC is an improvement over...