South Korea, meanwhile, eyes the country's petrochemical plans.
Capacity awarded in the states of Baja California and Sonora as part of Mexico's first open season.
The country has reached a critical point in its economy and the labor reform is long overdue, according to a business management and infrastructure expert at the Fundação Dom Cabral university.
Latin America's downstream segment lags far behind that of North America in almost every aspect. However, Argentina's Vaca Muerta shale could drive a petrochemicals renaissance in the region, an expert said at the Arpel 2017 oil and gas conference.
The deals on the table include the long-awaited agreement with Mercosur and 'updates' to accords with Mexico and Chile.
The French major highlights incentivized gas pricing, "excellent" results from pilot wells, and shale gas to be processed at existing facility.
The Organization of American States had called a meeting of foreign ministers to address the crisis in the country.