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Approval of the Mexican government's energy reform bill would be a "very nice" change and probably a positive step for everyone, according to Andrew Gould, CEO of US oilfield services provider Schlumberger (NYSE: SLB).
"[The reform] will allow us to be incentivized on the basis of the performance of technology, which is something very difficult to achieve under the current contractual regime," Gould said in a webcast.
The bill, which President Felipe Calderón presented to the senate this month, would allow Pemex to provide performance-based incentives to private contractors.
Calderón's proposal seeks to grant state oil company Pemex greater fiscal and operational autonomy, allowing private sector participation in downstream, strengthening energy regulator CRE, setting up a national oil commission and modifying the federal public administration law.