“Bid rounds, including farmouts, can bring new investment, new ideas and new technology while creating diversity in energy resources and supply options. Of course, it is Mexico’s full right to develop its energy resources as it chooses,” Chris Sladen, a decorated executive of the international energy industry, told NGI’s Mexico GPI.

“I also think there are great opportunities for other types of bid rounds,” such as onshore geothermal, offshore wind and floating wind, biofuel and lithium prospecting and extraction auctions, Sladen said. 

“Bid rounds focused on lower carbon possibilities could help limit dependency on oil and natural gas and help constrain Mexico’s carbon footprint,” he said.

Sladen’s career in the energy sector — both in hydrocarbons and...