Mexico’s momentous energy reforms have stirred the oil and gas industry in the U.S. and elsewhere, creating great interest and excitement in lucrative opportunities for foreign investment. Mexico’s energy reforms also create a challenge for Mexico’s petroleum industry, which has grown in isolation of the regulatory and market forces that operate in most of the world. Both in the public and private sectors, lawyers and other professionals are being asked to deal with complex legal models that have not been used in Mexico previously.
To help prepare Mexico to compete in this new, competitive market, the Center for U.S. and Mexican Law has partnered with the Center for Energy and Natural Resources (Centro de Energia y Recursos Naturales) at ITAM University in Mexico City, and with the University of Houston’s Energy, Environment and Natural Resources Center (EENR), to offer training courses for Mexican professionals to gain a better understanding of the oil and gas industry, petroleum economics, the energy reform in Mexico, and key subjects of modern oil and gas regulation and contracting.
Organized by Dr. Josefina Cortés Campos, the Director of ITAM’s Center for Energy and Natural Resources; Professor Jacqueline Weaver, the University of Houston’s renowned expert in international energy law, and Stephen Zamora, the Director of the Center for U.S. and Mexican Law, the collaboration will help fulfill the need for professional training in this important sector.
The first Regulation of Hydrocarbons course was held on the ITAM graduate campus in the Fall of 2014, with faculty from ITAM, from the University of Houston Law Center, and experts from Wood Mackenzie, the highly regarded oil and gas consulting firm. Thirty-three participants attended the course, taking 50 hours of classes over 5 weeks.
A second course, programmed for 80 hours of class, was held from October 6 to November 27, 2015. Entitled Regulation of Hydrocarbons: An Advanced Training Course for Mexican Professionals, the 2015 course was offered at the ITAM Santa Teresa campus.