Pemex CEO Says Only Small Amount of Fields to Be Returned

The transcript discusses the retention and development of oil fields, emphasizing the need to meet regulatory deadlines to avoid returning fields to the state. It highlights progress in forming partnerships, including a significant farmout in the Gulf of Mexico with BHP. The speaker mentions strategies for developing small fields and the competitive nature of the bidding process for joint ventures, with many companies interested in shallow waters and onshore opportunities.

What is the significance of the energy reform mentioned in the text?

What challenges does the speaker mention regarding the competitive bidding process?