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Watch our video: http://www.youtube.com/watch?v=HX5e_0uPQOw
Baker's
DICTIONARY OF MEXICAN ENERGY
Article
Preliminary translation
1
Abandono del Área de
Asignación
Pemex lease
abandonment
Reglamento de la Ley de Hidrocarburos
21
754
2
Abasto aislado
Isolated supply
Reglamento de la Ley de la Industria
Eléctrica
3
458
3
Abrogación de las leyes
del CRE y CNH
Abrogation of CRE Act of
1995 and CNH
Ley de los Organos Reguladores
Coordinados en Materia Energética
T2
727
4
Acceso abierto
Open Access
Ley de la Comisión Federal de Electricidad
61
377
5
Acceso abierto
Open access
DECRETO ... el Centro Nacional de Control Consid
del Gas Natural
686
6
Acceso abierto ... no
indebidamente
discriminatorio
Non-discriminatory access
DECRETO ... el Centro Nacional de Control 6
del Gas Natural
688
7
Access (to lease area)
Servidumbre legal
General Usage
825
8
Accidente causado por
dolo del Contratista
Accident caused by willful
misconduct
Ley de Hidrocarburos
20
705
9
Aceite crudo
Crude oil
Pemex.com/ayuda/glosario
A
844
10
Aceite in situ
Oil in place (OIP)
Pemex.com/ayuda/glosario
A
845
11
Actividad estratégica
Strategic activity (per
constitutional definition)
Ley de Hidrocarburos
5
373
12
Actividad regulada
Regulated activity
Reglamento Interior de la Comisión
Reguladora de Energía
3
391
To contribute or sponsor:
[email protected]
Source
Rec #
Lexical entry
ENERGIA.COM
12/13/14
p. 2
Baker's Dictionary of Mexican Energy
Terms defined in law and global practice
NA T U R A L G A S S E G M E N T
Article
ID
1
Adquirente (gas natural)
Natural gas customer
Reglamento de Gas Natural (1995)
2
245
2
Alertas Críticas
Critical alerts
DECRETO ... el Centro Nacional de
Control del Gas Natural
3
184
3
Almacenamiento
Natural gas storage
Reglamento de Gas Natural (1995)
2
242
4
Capacidad disponible
Available capacity
DECRETO ... el Centro Nacional de
Control del Gas Natural
4
676
5
Centro Nacional de Control
de Gas Natural (CENAGAS)
CENAGAS
Ley de Hidrocarburos
T12
99
6
Centro Nacional de Control
del Gas Natural
CENAGAS
DECRETO ... el Centro Nacional de
Control del Gas Natural
1
674
7
Condiciones generales para
la prestación del servicio
Gas purchasing agreement
Reglamento de Gas Natural (1995)
2
243
8
Consejo de Administración
CENAGAS Administrative
Council
DECRETO ... el Centro Nacional de
Control del Gas Natural
3
186
9
Directivas
CRE directives
Reglamento de Gas Natural (1995)
2
244
10
Distribución
Franchise-area distribution
Reglamento de Gas Natural (1995)
2
246
11
Ductos -2
Gas pipelines
Reglamento de Gas Natural (1995)
2
247
12
Ductos de Internación
Cross-border gas pipelines
Ley de Hidrocarburos
4, 116, T12 23
Dictionary Print-Out
To contribute/edit entry: [email protected]
Dec 13, 2014
1
Baker's Dictionary of Mexican Energy
Terms defined in law and global practice
CNH
Article
1
Accidente causado por dolo
del Contratista
Accident caused by willful
misconduct
Ley de Hidrocarburos
20
El Ejecutivo Federal, a través de la CNH, podrá rescindir administrativamente los Contratos ... 705
y recuperar el Area ... cuando se presente alguna de las siguientes causas graves:
[incumplimiento, reportes falsos, ...], V. Que presente accidentes graves causados por dolo
o culpa del Contratista.
2
Acuerdo de operación
conjunta
Joint operating agreement
(JOA)
Reglamento de la Ley de Hidrocarburos
39, T6
761
... la Secretaría podrá realizar adecuaciones a los términos de asociación y al acuerdo de
operación conjunta.
...
VII. La propuesta de los términos bajo los cuales desean asociarse y del acuerdo de operación
conjunta del Área Contractual.
3
5
Aprovechamientos
Fees
Ley de Ingresos sobre Hidrocarburos
28
VI.
Pagar los derechos y aprovechamientos que se establezcan por la administración y
supervisión de los Contratos o la supervisión y vigilancia de las actividades realizadas al
amparo de los mismos, que realicen la Comisión Nacional de Hidrocarburos y la Agencia
Nacional de Seguridad Industrial y de Protección al Medio Ambiente del Sector Hidrocarburos,
y
661
Para tener derecho a inscribirse en la Licitación, ... el Interesado deberá cubrir los siguientes
aprovachamientos.
921
Asociación en Participación
Joint bidders
4, 6.4, 9.3,
10.6
Licitación CNH-R01-L01/2014
Dos o más Compañías que participan de forma conjunta en la Licitación . . .
6
Bases
874
CNH documentation (on bid
Licitación CNH-R01-L01/2014
round)
4
El conjunto de disposiciones, documentos y anexos emitidos por la CNH ... que regulan el
proceso de la Licitación CNH-R01-L01/2014.
7
Calendario
875
Calendar (for public tender) Licitación CNH-R01-L01/2014
4
Conjunto de actividades dentro de la Licitación y su programación en el tiempo ...
Dictionary Print-Out
To contribute/edit entry: [email protected]
Dec 13, 2014
876
1
DICTONARY OF MEXICAN ENERGY
12/13/2014
Baker's Dictionary of Mexican Energy
Terms defined in law and global practice
Ley de Petróleos Mexicanos
Article
1
Alianzas
Definition or
illustrative use
2
Cartera
Definition or
illustrative use
4
Comisario
Definition or
illustrative use
Print-Out by Law
6
205
48
440
T10
447
12,
20-25
436
Petróleos Mexicanos podrá realizar las actividades, operaciones o servicios
necesarios para el cumplimiento de su objeto por sí mismo; con apoyo de sus
empresas productivas subsidiarias y empresas filiales, o mediante la celebración de
contratos, convenios, alianzas o asociaciones o cualquier acto jurídico, con
personas físicas o morales de los sectores público, privado o social, nacional o
internacional, todo ello en términos de lo señalado en esta Ley y las demás
disposiciones jurídicas aplicables.
Areas de quejas y de responsabilidades
Definition or
illustrative use
3
Alliance
Office of Personnel Investigation
El titular de la Unidad de Responsabilidades, los de sus áreas de quejas, denuncias
e investigaciones y de responsabilidades, así como los delegados en cada una de las
empresas productivas subsidiarias y sus respectivas áreas, tendrán las facultades
que la Ley Federal de Responsabilidades Administrativas de los Servidores Públicos
otorga a los titulares de los órganos internos de control y a los titulares de las
áreas de quejas y de responsabilidades, respectivamente,
Investment Portfolio
... la actualización de los programas y proyectos de inversión a cargo de Petróleos
Mexicanos o sus organismos subsidiarios que hayan sido registrados o que
estuviesen en proceso de registro en la Cartera que integra y administra la
Secretaría de Hacienda y Crédito Público, con anterioridad a la entrada en vigor del
régimen especial previsto en la Ley de Petróleos Mexicanos, se realizará conforme a
los lineamientos vigentes al momento de su registro o solicitud,
External Auditor
En caso de que a juicio de al menos dos integrantes del Consejo de Administración,
del Comisario, o del Consejero Jurídico del Ejecutivo Federal, exista duda fundada
de que las actividades,
...
La evaluación anual prevista en el artículo 117, fracción I de la Ley, a cargo del
Comisario se realizará conforme a las mejores prácticas internacionales en la
materia, procurando que los resultados de la evaluación y los reportes que deriven
de dicha evaluación sean comparables en el tiempo.
To contribute/edit entry: [email protected]
Dec 13, 2014
1
Baker's Dictionary of Mexican Energy
2 CURRENT LEGAL FRAMEWORK IN MEXICO
Reglamento de la Ley de Petr‫ף‬leos Mexicanos
Article
5
Comité Especial
Definition or
illustrative use
6
8
9
1, 3,
9-10
435
Government ex oficio board member
1, 3
434
Corporate control or significant influence
55
442
T4
445
Para efectos de la fracción XXVII del artículo 13 de la Ley, se entiende por control o
influencia significativa lo señalado en el artículo 2, fracciones III y XI, de la Ley del
Mercado de Valores, respectivamente.
desincorporación
Definition or
illustrative use
Outside board member
Los integrantes del Consejo de Administración a que se refiere el artículo 15,
fracción II de la Ley;
...
y cumplen con los requisitos previstos en la Ley para ser designadas como
Consejeros del Gobierno Federal o Consejeros Independientes, según sea el caso,
Control o influencia significativa
Definition or
illustrative use
433
Los integrantes del Consejo de Administración a que se refiere el artículo 15,
fracción III de la Ley;
...
y cumplen con los requisitos previstos en la Ley para ser designadas como
Consejeros del Gobierno Federal o Consejeros Independientes, según sea el caso, y
que no se ubican en alguno de los supuestos de impedimento o conflicto de interés
previstos en la Ley o en este Reglamento
Consejeros del Gobierno Federal
Definition or
illustrative use
1
El comité especial previsto en el artículo 24 de la Ley
...
Las determinaciones para nombrar por un periodo adicional a los Consejeros
Independientes, la remuneración de éstos y de los Consejeros del Gobierno Federal
que no sean servidores públicos, así como la propuesta de dividendo estatal de
Petróleos Mexicanos y de cada una de sus empresas productivas subsidiarias,
deberán considerar
Consejero Independiente
Definition or
illustrative use
7
Board Executive Commitee
Rec. #
Disincorporation
Al actualizarse la transformación señalada en el párrafo anterior, no será necesario
llevar a cabo el proceso de desincorporación de la Administración Pública Federal
Paraestatal,
Print-Out by Law
To contribute/edit entry: [email protected]
Dec 13, 2014
2
Search String
Initial inventory of technical terms in CNH bidding
guidelines
CNH-R01-L01/2014
Pending: Adding annotations in Spanish and English
1
Extract
Translation
Aprovechamientos
Fees payable by prospective bidder
Page or section
Para tener derecho a inscribirse en la Licitación, ... el Interesado deberá cubrir los
siguientes aprovachamientos.
2
Asociación en Participación
4. 1.5-1.6
Joint bidders
Dos o más Compañías que participan de forma conjunta en la Licitación . . .
3
Bases
4, 6.4, 9.3,
10.6
CNH documentation (on bid round)
El conjunto de disposiciones, documentos y anexos emitidos por la CNH ... que
regulan el proceso de la Licitación CNH-R01-L01/2014.
4
Calendario
4
Calendar (for public tender)
Conjunto de actividades dentro de la Licitación y su programación en el tiempo ...
5
Causales de deschamiento
Causes for the rejection of a proposal
Serán causales de desechamiento de las Propuesta, las siguientes: a) La
presentación incompleta, ilegible, confusa o la omisión de cualquier documento o
información requerida ... c) Cuando un Licitante presente Propuestas para más de
cindo Areas Contractuales ...i) influir indebidamente ...
6
Clave AD
Comité Licitatorio
Compañía
4, 6.1-6.2, 7,
9.3, 12.4
CNH Bid Round Committee
Grupo de servidores públicos de la CNH responsables de coordinar y ejecutar la
Licitación, conforme a lo establecido en estas Bases.
8
17
Access code (to prospective bidder)
Clave de identificación que la Convocante le proporcionará a cada undo de los
Interesados ...
7
4
4
Business entity
4
Cualquier empresa productiva del Estado, sociedad, corporación, fideicomiso,
sociedad por acciones, asociación no corporativa, empresa conjunta, o cualquier otra
análoga de naturaleza mercantil constituidad conforme a las leyes de su país de
orígen.
Search string: Bases R1
Initial survey of technical terms in the CNH bid round
12/12/2014
1
Sources Consulted
Issued/amended
BOLETINES
Friday, August 08, 2014
Pemex Boletín de Prensa 81/2014
CONSTITUTIONAL ARTICLE
Constitución Política de los Estados Unidos Mexicanos
Monday, February 05, 1917
Monday, February 10, 2014
DECREES
DECRETO por el que se crea el Centro Nacional de Control de Thursday, August 28, 2014
Energía
DECRETO por el que se crea el Centro Nacional de Control
del Gas Natural [CENAGAS]
Thursday, August 28, 2014
DISCURSOS
Discurso ... de Pemex, Emilio Lozoya, 13 Agosto 2014
Wednesday, August 13, 2014
LAWS
Ley de Amparo, Reglamentaria de los Artículos 103 y 107 de
la Constitución ...
Tuesday, April 02, 2013
Ley de Asociaciones Público Privadas
Monday, January 16, 2012
Monday, July 14, 2014
Monday, August 11, 2014
Ley de Energía Geotérmica
Monday, August 11, 2014
Ley de Federal de Competencia Económica
Friday, May 23, 2014
Ley de Hidrocarburos
Monday, August 11, 2014
Ley de Ingresos sobre Hidrocarburos
Monday, August 11, 2014
Ley de la Agencia Nacional de Seguridad Industrial y de
Protección al Medio Ambiente del Sector Hidrocarburos
Monday, August 11, 2014
Ley de la Comisión Federal de Electricidad
Monday, August 11, 2014
Ley de la Comisión Nacional de Hidrocarburos
Friday, November 28, 2008
Ley de la Comisión Reguladora de Energía
Tuesday, October 31, 1995
Friday, November 28, 2008
Ley de la Industria Eléctrica
Monday, August 11, 2014
Ley de Los Órganos Reguladores Coordinados en Materia
Energética
Monday, August 11, 2014
Ley de Obras Públicas y Servicios Relacionados con los
Mismos
Tuesday, January 04, 2000
Ley de Petróleos Mexicanos
Monday, August 11, 2014
Ley Federal Anticorrupción en Contrataciones Públicas
Monday, June 11, 2012
Monday, April 09, 2012
Monday, December 08, 2014
2:15 PM
Sources Consulted
Issued/amended
Ley Federal de Procedimiento Administrativo
Thursday, August 04, 1994
Thursday, April 12, 2012
Friday, June 26, 1992
Ley Minera
Monday, August 11, 2014
Ley Orgánica de la Administración Pública Federal
Wednesday, December 29, 1976
Monday, August 11, 2014
Ley para el Aprovechamiento de Energías Renovables y el
Financiamiento de la Transición Energética
Friday, November 28, 2008
Friday, June 07, 2013
Ley Reglamentaria del Artículo 27 Constitucional en Materia
Nuclear
ONLINE GLOSSARIES
Wednesday, December 18, 2013
Glosario de Términos Petroleros
Monday, November 24, 2014
Pemex.com/ayuda/Glosario
Thursday, August 22, 2013
Términos usados en la Industria Petrolera (glosario)
Tuesday, March 20, 2001
Thursday, December 16, 2010
Organizational statutes
Reglamento Interior de la Comisión Reguladora de Energía
Monday, August 22, 2011
Reglamento Interno de la Comisión Nacional de
Hidrocarburos
Friday, August 28, 2009
Tuesday, June 12, 2012
OTHER
Manual de Organización de la Comisión Nacional de
Securidad Nuclear y Salvaguardias
Wednesday, April 11, 2012
PACTOS
Sunday, December 02, 2012
Pacto por Mexico
PRESENTATION (PPT)
Migración de asignaciones a contratos y esquema de
asociaciones (farm outs)
Wednesday, August 13, 2014
REGULATIONS
Reglamento de Gas LP
Saturday, May 12, 2007
Reglamento de Gas Natural
Wednesday, November 08, 1995
Reglamento de la Ley de Electricidad
Sunday, September 28, 2014
Reglamento de la Ley de Hidrocarburos
Sunday, September 28, 2014
Reglamento de la Ley de Hidrocarburos
Friday, October 31, 2014
Reglamento de la Ley de Ingresos sobre Hidrocarburos
Friday, October 31, 2014
Reglamento de la Ley de la Comisión Federal de Electricidad
Friday, October 31, 2014
Monday, December 08, 2014
2:15 PM
MEXICO’S ENERGY SECTOR: COMMERCIAL & POLICY OUTLOOK
2015
March
MON, MAR 9, 15
File
1000067
Pages
5
Charts 4
MON, MAR 2, 15
File
030215
Pages
3
Charts 1
CNH in 2015: Scenario Analysis (Update of Market Note 077)
In January 2011, at the suggestion of a commissioner, we prepared a scenario analysis of how
the CNH might look at year-end 2015. We visualized four scenarios, in two of which the
agency is marginalized, a third in an ambiguous status quo, and a forth as an independent
regulator. Moving the clock forward 4 years, we now ask about the CNH's future today.
1
Mexico's Energy Reform: A Sobriety Test
This article examines the positive and cautionary signs in the upstream reform in Mexico. It is
observed that much of the topic is still inside baseball, meaning that the back-office story is not
widely understood. Published in Oil & Gas Journal, March 2, 2015, pp. 34-37.
2
February
TUE, FEB 24, 15
File
100202
Pages
6
Charts 1
MON, FEB 23, 15
File
012615
Pages
9
Charts 0
FRI, FEB 20, 15
File
775
Pages
22
Charts 5
TUE, FEB 17, 15
File
10033.1
Pages
7
Charts 2
3/11/2015
Drilling Deeper into Spanish-201
This report builds on two others from 2012 that had the title “Overcoming the American Accent
in Spanish.” Understanding the phonological system of Spanish allows the mind and ears to
hear the language without the filters of English. There are many sounds and conventions in
Spanish that only become audible to English ears after one has learned linguistic concepts. As
the hearing improves, so does the ability to speak Spanish as a language very different from
Tex-Mex.
3
Outlook of Round One: Interview with Pedro van Meurs
Dr. Pedro van Meurs is an expert on petroleum fiscal systems, having advised governments,
including the Mexican, around the world. On Jan. 26, 2015, a two-hour discussion took place
about aspects of oil policy in Mexico, with emphasis on the enhancements needed to make
Round One a success.
4
Problematic Issues in Round One and Beyond: What is needed for
alignment of interests?
This report expands on our Public Policy paper No. 10033. Table 1 identifies specific
opportunities where SENER, SHCP and CNH may contribute to the alignment of interests
between the State and oil companies as investors and operators. The table reflects insights of
prospective bidders and legal and fiscal experts. The discussion contrasts the new regime with
that of Pemex's farmouts of 2003-13, and the regime in the US Gulf of Mexico. Principles of
equity from the perspective of the investor/operator are set forth. We ask about the outlook for
stakeholder feedback and the measure of success of Round One.
5
What’s Missing from Round One? - A Clear Philosophy of Alignment
This report is issued as a white paper that is meant to contribute to the public discussion of
public policy and commerce in relation to Round One. The report identifies areas where
improved alignment is needed between the State, society and the oil company. This
condensed version has been posted on energia.com for downloading by the general public.
[email protected] - +1 (832) 434-3928 text/cell
1
6
REPORTS ON MEXICO’S ENERGY SECTOR
Mexico Energy Intelligence®
FRI, FEB 13, 15
File
10033
Pages
15
Charts 4
THU, FEB 12, 15
File
1000064
Pages
1
Charts 0
THU, FEB 5, 15
File
1000063
Pages
2
Charts 0
Updated 2/16/2015
MON, FEB 2, 15
File
774
Pages
17
Charts 8
Critiquing and Looking Beyond Round One
The Hyrocarbon Commission in Mexico (CNH) has asked for public comment about Round
One and the Model Contract. This report offers construction criticism of the new energy regime
that was established by the Energy Reform of 2014, with emphasis on the legislative and
regulatory frameworks that are set for in the hydrocarbon legislation that was promulgated on
Aug. 11, as well as the commercial framework contained in the draft Model Contract made
public on Dec. 11. The report draws on the observations of petroleum fiscal system expert
Pedro van Meurs, as well as those of industry sources.
7
Mexico's Energy Reform at the Baker Institute
Mexico's energy reform will affect not only public perceptions and institutions in Mexico; it will
also call for a rethinking of the expectations by many government and private stakeholders on
the U.S. side of the Gulf. For example, under what conditions may resources from the U.S. side
be deployed in Mexican waters in the event of a major oil spill? U.S. speakers were from key
agencies and NGOs : BOEM, BSEE, MSCR, Coast Guard, API and COS (Center for Offshore
Safety). Carlos de Régules, the director of the new safety agency (ASEA), outline his vision,
including the use of third-party, certified auditors.
8
Glimpses of Mexico's Iconic Figures: Luis Donaldo Colosio
The public space in Mexico rewards some iconic figures while it ignores others. Some of these
figures are associated with Mexico's oil industry: One, Lázaro Cárdenas, is memorialized in
statues and in the names of prominent streets, while Lord Cowdray's memory is in the name of
the ABC Hospital. Cárdenas and Luis Donaldo Colosio both have monuments in the style of
giant Olmec heads. This report tells an anecdote about Colosio in 1991 about how freedom of
the press was monitored by the PRI. The report includes two photographs taken at the place of
Colosio’s assassination in Tijuana on March 23, 1994.
9
Freedom of Speech in Mexico: How does employee misconduct get
reported?
This report examines several dimensions of freedom of speech in Mexico, asking, inter alia,
about how the lack of freedom of speech affects public policy and the performance of public
servants and employees in the private sector. The report draws on personal and institutional
anecdotes as well as on international indexes. The question is asked about the probability that
an employee in the public or private sector would report evidence or suspicions of cartel ties by
a co-worker or supervisor. A parallel question is asked about the probability that a
whistle-blower could appear in Mexican society.
10
January
WED, JAN 28, 15
File
1000062
Pages
5
Charts 0
Updated 1/30/2015
3/11/2015
Midstream Outlook in Mexico: Complicado
This report examines incentives and impediments to business development in the midstream in
Mexico in the light of the Energy Reform of 2014. There are some short-term bottlenecks,
including fiscal and contractual imperfections that will be resolved by mid-2015. The resolution
of other bottlenecks in the operating environment will take most of the next decade, if not
longer. The report cites an interview held on Jan. 26th with petroleum fiscal expert Pedro van
Meurs in which he offers his view on how the fiscal treatment of the midstream needs urgent
attention by SHCP and the Hydrocarbon Commission (CNH).
[email protected] - +1 (832) 434-3928 text/cell
2
11
REPORTS ON MEXICO’S ENERGY SECTOR
Mexico Energy Intelligence®
WED, JAN 21, 15
File
1000061
Pages
2
Charts 0
THU, JAN 15, 15
File
1000060
Pages
2
Charts 3
SUN, JAN 11, 15
File
1000059
Pages
4
Charts 2
THU, JAN 8, 15
File
1000058
Pages
24
Charts 4
Updated 1/10/2015
3/11/2015
Blasphemy Clause in the Mexican Constitution?
An attack on a Mexican Charlie Hebdo would not provoke popular protests in Mexico; but, in
Constitutional Articles 30 and 33 there would seem to be a species of blasphemy law that
allows the President of Mexico, without prior judicial review or the right of appeal, to expel a
non-citizen from Mexico. A principle that allows for punitive actions for offenses not set forth in
civil or criminal law, once established, applies to all members of society in Mexico, not just to
foreigners.
12
Transparency vs. Value Creation: An Inverse Correlation
This report speculates about the relationship between Transparency, Value-Creation and
Educational Requirements in Mexican government procurement. Four models are considered:
Public Works, Pemex law, Round 1 and Round N. The report concludes that society’s demand
for transparency is subverted by the need of regulators to protect themselves from auditors
whose educational level would not be adequate to understand how an award in a bid round
was determined on the basis of its total value compared to the offers of other bidders.
13
Satire in Mexican Journalism
There is a genre of journalism in Mexico that specializes in exposing corruption and
inefficiency. The comic genius of Mexican cartoonists for skewering public figures and policies
is an established fact. There is a different role for satire, as its purpose is to instruct, not
skewer. Exhibit A is a title list of our satirical reports or columns, published by ourselves or in
Mexico. Exhibit B is an annotated version of one of our columns, which was originally published
in REFORMA on September 8, 2008. See http://mexidata.info/id2012.html
14
MEXICAN ENERGY IN 2014: Review of Reporting and Public Outreach by
MEI
This report discusses the work product of the editor and research staff of Mexico Energy
Intelligence® in 2015. The many neologisms of the Energy Reform legislation and subsequent
legal dispositions led to a project to create a DICTIONARY OF MEXICAN ENERGY. We
characterize the energy reform as one in which conservative politics limited the vision of an
energy reform, leaving important decisions for the next administration. The report includes for
logs of MEI report titles, by month, in ascending and descending order, also by category and a
fourth in chronological order with a brief description of each report.
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MEXICO’S ENERGY SECTOR: COMMERCIAL & POLICY OUTLOOK
2014
December
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THU, DEC 11, 14
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Updated 12/8/2014
SAT, DEC 6, 14
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1/7/2015
The van Meurs Critique of the Model Contract for Round One
This report examines the 72-page critique of the CNH model contract for Round One that was
prepared and made public by fiscal-system expert Pedro van Meurs and petroleum lawyer Jay
Park. Table 2 and Extract B provide a tabulation of the authors' concerns about where the
contract is not competitive with other jurisdictions. We conclude that fixing these concerns will
not be enough to attract top-tier companies as bidders to Round One.
1
CNH’s Round One Bidding Guidelines: LOPSRM Reborn
This report provides an inventory of some 50 terms and concepts that are set forth in the
CNH’s bidding guidelines for 14 shallow-water blocks in the Bay of Campeche. The generation
of this specialized lexicon was made possible by an application of our in-house DICTIONARY
OF MEXICAN ENERGY. The publication of these guidelines deserves applause in recognition
of the diligence of public officials in CNH and the energy and finance ministries. At the same
time, the details of the bidding protocols are reminiscent of the old way of doing government
procurement in Mexico.
2
Football Analogy (Part III): For whom is the head fake intended?
This report takes notice of very different expectations regarding the eventual way in which the
Mexican government will allow oil companies (including Pemex) to recognize their assets in
Mexico: One view is that companies will be free to recognize their assets as booked reserves;
while others hold that the law will only permit an oil company to recognize the expected
contract value of its position in Mexico. We postulate that the government is executing a feint
(or head fake, in the language of sports) either to the international oil companies or to the Oil
Left at home.
3
Mexico’s Risk-Service Contract; A Facelift on Pemex’s Mature Fields
Contract
This report, building on the arguments in Market Note 200, characterizes the contract model
that is contained in Mexico’s hydrocarbon legislation as that of a Risk-Service Contract. It is an
enhancement of the Mature Fields contract model of 2011-13, with three modifications: 1) the
contractor may be paid in kind, 2) the logic of the bidding variable will be different, and 3) the
contract will be awarded by the State (represented by the CNH), not only by Pemex. What
remains unchanged is the disallowing of any commercial interest in the reserves that were
established by the success of the contractor.
4
Mexico’s Upstream Business Model: A Mineral Contract, not a Mineral
Lease
This report seeks to gain clarity about the nature of the business model that is set forth in the
Hydrocarbon Law by contrasting its features with that of a mineral lease in the U.S. and a
mining concession in Mexico. The conclusion is that the State is NOT offering a mineral lease;
instead, it is a new legal figure: mineral contract. Table 1 lists common terms in use in relation
to a U.S. mineral lease (with Spanish translations). Table 2 shows how there are upwards of a
half-dozen meanings of "Nación" in Mexico's legal framework.
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REPORTS ON MEXICO’S ENERGY SECTOR
Mexico Energy Intelligence®
MON, DEC 1, 14
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Dictionary of Mexican Energy: Collaboration with the UANL Law School
This report restates the objectives of our project to develop a DICTIONARY OF MEXICAN
ENERGY; and we also announce the collaboration of the Law Faculty of the State Universit of
Nuevo León (UANL) in the preparation of the dictionary. The report includes a sample lexical
entry for Hydrocarburos en el Subuelo and 47 pages of straight, alphabetical listings of some
700 terms, each with a citation to the source and article or section of a legal disposition or
institutional document.
6
November
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SUN, NOV 16, 14
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Charts 3
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1/7/2015
Football Analogy (Part II) - Rewriting the energy of Mexico since 1976
This report is a literary continuation of our earlier Market Comment 051, in which, using the
vocabulary of American football, we examined patterns of “punting” in the conduct of energy
policy in Mexico, In this sequel, we expand the vocabulary employed, and use the terminology
to critique the conduct of energy policy in Mexico for each presidential period since 1976,
including the present one.
7
Football Analogy: Punting on Energy Reform
In this report, the rules and strategy of American football are employed to characterize the
phenomenon of punting the ball in two senses: 1) Market clarity is always said to be in the next
level of legal disposition: Constitution - law - regulations - model contract - market rules. 2)
Since 1991, one Mexican presidency after another (including the present one) has punted the
ball of a market solution to the next administration.
8
Mexico's Energy Redesign: What the oil industry understood in 1996
This report makes reference to an article published in Oil & Gas Journal on Nov. 18, 1996,
which set forth the commercial and geological logic of having multiple operators working
independently in basins of varying sizes and complexity. Not anticipated was the use of
farm-out as a Pemex-centric development strategy. Appended is a 4--page critique of the
energy reform that is meant to serve as a sobriety check on the promotionalism seen in 2014.
9
Mexico’s Energy Lexicon: Why the courts should be lexicographers of
the energy sector
This report provides an alphabetical list of some 650 terms and concepts obtained from laws,
regulations and other official documents that, together, inform policy, regulatory and
commercial relationships in Mexico's energy regime. For each term or concept we provide a
preliminary translation and a citation to the document and place within the document where it
may be found. In a future iteration of the wordlist, we shall provide sub-lists for industry sectors,
market segments and the government agencies and companies. In this way, the specific terms
of agencies and topics are together.
10
Mexico Energy Dictionary Advances: Lexical database sorted by Sector
and Institution
Where, in an earlier report on the status of our project to develop an online dictionary of
Mexican energy, we listed some 300 entries, we have about 600. Where our earlier idea was to
generate a single, alphabetical list, we now see it more useful to generate separate lists
according to sector, market segment and institutions. Thus, in the hydrocarbon sector, we have
one list of general terms, another for upstream leases and a third for the maritime
transboundary agreement. We observe that each institution has its own vocabulary; and we
have begun lists for Pemex, CFE, CRE, CNH, SENER and ANSIP, amon others.
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BAKER& ASSOCIATES,ENERGYCONSULTANTS
Management consulting
Industry, policy and regulatory reports
A management briefing is available on the topics covered in this report.
(832) 434-3928 (text/cell)
Mailing Address: Box 271506
Houston TX 77277‐1506
To learn about our reporting,
consult the title lists, by year or category, on http://www.energia.com, or write to us at
[email protected]