The Mexican government will continue its fiscal consolidation drive in 2017, stalling the spike in public sector debt seen in recent years. July 2018's presidential election poses a risk to these efforts, as populist candidate Andr?s Manuel L?pez Obrador has proposed higher social spending.
The success of the shallow water phase of licensing Round Two demonstrates the positive outcome of government/industry cooperation in creating attractive licensing terms. The resultant block awards will provide another wave of support to Mexican oil production in the 2020s.
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Thanks, BMI Research