Abstract

RODRIGUEZ PADILLA, Víctor. Evaluating Hydrocarbon Exploration and Extraction Contracts in Mexico, 2015-2017. Prob. Des [online]. 2019, vol.50, n.197, pp.111-129.  Epub Oct 18, 2019. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2019.197.64669.

An estimation is made of the way oil revenue and production volume are distributed between the State and the contractor, in accordance with the provisions of the contracts awarded. First, contractual modalities, the tax system, and the bidding mechanism are described. Then, the physical and economic distribution of production is analyzed. It is concluded that the State receives an average of 72.4% of the revenue when the contractor is efficient, as opposed to 56.6% when the contractor is inefficient. The State receives no production from licensing and in shared production contracts with inefficient costs, the State recovers 30% of revenue.

Keywords : exploration contracts; production contracts; hydrocarbons; bidding rounds; oil revenue.