Mexico`s basins could provide niches for various sized firms
- Baker (George), Houston, TX (United States)
- Wilson (James Lee), New Braunfels, TX (United States)
The recent Shell Oil Co.-led exploratory well in 7,000 ft of water in the Gulf of Mexico off Brownsville, Texas, and close to Mexican territory, initially provoked a controversy in Mexico. The announcement of the Baha well reminded Mexicans that the US Senate has not yet ratified the draft treaty to define territorial and resource boundaries. News of the well was portrayed in mexico as poaching and old-fashioned American imperialism. Although subsequent reports confirmed that the well is unequivocally in US waters, the initial confusion added to a growing dilemma in professional geological circles and with a few federal, state, and local officials. In this discussion, which is part of a larger study, the authors wish to clarify some of the issues in the upstream policy debate in Mexico. They do this by visualizing a counter-factual condition: that worldwide E and P patterns and norms exist in Mexico. The discussion will not treat the implementation of such patterns or norms (e.g., by reference to the Venezuelan or Argentine models). For this discussion they assume simply that worldwide production practices and agreements exist in Mexico. Just as important, they assume that industrial efficiencies, by producer type, are the principal drivers of the allocation of E and P resources in Mexico. The authors discuss the illustrative areas and fields of hydrocarbon production, actual and potential, from the perspective of the advantages and limitations associated with the various categories of explorationists and producers.
- OSTI ID:
- 400897
- Journal Information:
- Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 47 Vol. 94; ISSN 0030-1388; ISSN OIGJAV
- Country of Publication:
- United States
- Language:
- English
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