Mexico’s government has submitted an energy reform plan to the country’s Congress in a bid to take stock of flagging production by attracting foreign investment in the sector, reported the news source.
Reuters noted that energy analysts are skeptical about the effectiveness of these reforms in attracting foreign investment.
The legal changes may not still allow foreign companies to book reserves, according to Reuters. Not to be deterred by this, Shell said that it is reportedly more interested on booking profits than reserves.
Malcolm Brinded, Shell’s head of exploration and production, as quoted by the news source, said: We’re always keen to see countries open up access. It will be exciting to see Mexico in that regard. We do think we can bring something to bear there.
