The Revival of Mexico's Oil Sector

Mexico's attempts to attract foreign companies to its oil sector finally appear to be paying off. After seeing only lukewarm interest in its first round of bidding on oil blocks in July, Mexico held a subsequent tender on Sept. 30 that was largely deemed a success. The promising results will likely dispel most of the doubts surrounding the contractual terms that Mexico City is offering to international oil companies, setting the stage for a successful launch of bidding later this year on the country's potentially lucrative deep-water blocks in the Gulf of Mexico.