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Reforms open Mexico’s deep waters to outside investment

The country’s oil and gas industry is set to be transformed by outside investment

Mexico's landmark energy reforms promise to open the country’s oil sector to outside players after years of state monopoly control, with the richest opportunities likely to be found in the country’s sector of the deep-water Gulf of Mexico.The US-Mexico maritime border has been a stark dividing line for the oil industry for decades. In the US sector, a dense web of oil and natural gas pipelines crisscross the waters off the coasts of Texas, Alabama and Louisiana linking thousands of producing wells to refiners and customers onshore. Year after year, drillers go deeper into the Gulf of Mexico’s waters in search of the next big find, producing billions of dollars of investment, technological a

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