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US-Mexico Cross Border Energy Cooperation: a new era in the Gulf of Mexico

US-Mexico Cross Border Energy Cooperation: a new era in the Gulf of Mexico
US-Mexico Cross Border Energy Cooperation: a new era in the Gulf of Mexico

First in his series of Monthly Reports on PEMEX and U.S.-Mexico Energy Cooperation, this article explores the implications of the recently signed Transboundary Hydrocarbons Agreement, which resolves the question of what to do with potential oil reserves along the dividing line between Mexico and the United States in the Gulf of Mexico. Wood sees the agreement as "extremely good news," as it marks the "end of a decades-long process to try to determine oil rights in these two areas, opening the door to exploration and production that offers the prospect of exciting new modes of cooperation between Pemex and private oil companies."

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Duncan Wood

Duncan Wood

Vice President for Strategy & New Initiatives; Senior Advisor to the Mexico Institute
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Mexico Institute

The Mexico Institute seeks to improve understanding, communication, and cooperation between Mexico and the United States by promoting original research, encouraging public discussion, and proposing policy options for enhancing the bilateral relationship. A binational Advisory Board, chaired by Luis Téllez and Earl Anthony Wayne, oversees the work of the Mexico Institute.   Read more