5th Floor, Woodrow Wilson Center

The Big Prize: Assessing Mexico's Deep Water Auction

Webcast available

Webcast Recap

On December 5th of this year, Mexico held its long-awaited deep water oil block auction. On the same day, Pemex announced the partner for the farmout of its deep water Trion field. Between them, these assets are estimated to contain over 11 billion barrels of oil.

Aldo Flores, Mexico's Deputy Secretary of Energy for Hydrocarbons, spoke about both the auction and the farmout and was joined by two respected experts on Mexican oil and gas, John Padilla and Marcelo Mereles, who analyzed the results of round one and the road ahead for the country's energy reform.

Keynote Address

Aldo Flores
Deputy Secretary of Energy for Hydrocarbons, Ministry of Energy, Mexico


John Padilla
Managing Director, IPD Latin America

Marcelo Mereles
Partner, Hydrocarbon Exchange (HCX)


Duncan Wood
Director, Mexico Institute, Wilson Center