Policy & Regulation

Mexico could complete contract audit by H2 2019

Mexico’s president-elect has pledged a full audit of E&P contracts that could be overseen by members of congress or energy ministry officials, according to a prominent lawyer Mexico’s president-elect has pledged a full audit of E&P contracts that could be overseen by members of congress or energy ministry officials, according to a prominent lawyer.
By Chris Noon 10 July 2018 0 31670
Mexico’s president-elect, Andrés Manuel López Obrador. Mexico’s president-elect, Andrés Manuel López Obrador. (PA)

An audit of over 100 oil and gas exploration and production contracts awarded in Mexico’s recent auctions could be concluded by H2 2019, according to a former lawyer at the country’s energy ministry (SENER). However, the lawyer was sceptical that tangible evidence of corruption would be discovered within the contracts.  

José Prado, who also formerly served as legal chief compliance and internal affairs officer for state-run Pemex, told Interfax Natural Gas Daily that an audit could take “about six months”. It would begin when President-Elect Andrés...