Mexican Oil Industry: Shifting to Difficult Oil

Abstract

For many decades Mexico has been considered as one of the most important oil nations in the world. However, in the last few years, Mexico has stepped into an important transition under the light of declining oil fields and new challenging oil projects. The aim of this paper is to show a new perspective of the oil resources that have been exploited throughout the Mexican territory, as well as the remaining resources yet to be exploited. We have developed a resources/production-costs chart that illustrates the historical and future development of the Mexican oil industry, showing the shift that the industry will face in the coming years. The concept for this chart was taken from a model already in use by some of the most prestige energy agencies in the world.