This document summarizes the keynote address of the CEO of Pemex, Mexico's national oil company, on the opportunities and challenges presented by Mexico's recent energy reform. The reform aims to transform Pemex into a competitive company and increase oil and gas production through opening exploration to private companies. It discusses Pemex's strategy to compete in new markets and form strategic alliances. It also outlines the investment opportunities in oil, gas and infrastructure projects estimated to more than double Pemex's capital expenditures.