The role of international oil companies in Mexico’s future hydrocarbons production is set to reach new highs as operators fast-track activities at exploration blocks awarded after the country’s 2013 energy reform.

However, that participation is poised to be limited after the administration of Mexican President Andres Manuel Lopez Obrador suspended new bid rounds in late 2018.

“It is a lost opportunity," says Luis Miguel Labardini, partner at energy consultancy Marcos y Asociados.

"If the rounds had continued, we would probably have hundreds of contracts signed by now.”