AmericasOffshore

26 firms qualified for Mexican deep-water oil tender

Mexico’s oil industry regulator CNH (Comision Nacional de Hidrocarburos) has announced 26 firms that have qualified to take part in December’s deep-water oil tender, according to Reuters.

The auction will be the fourth phase of the Round One tender, and is a major part of Mexico’s reform of the energy industry whereby it is trying to remove monopoly power from state oil firm Pemex and attract private and overseas investors because the energy sector has been underperforming.

After previous auctions garnered weak to middling responses this Round 1.4 tender was expected to be more attractive.

The 26 firms comprise a mix of Mexican and foreign companies, with 16 being operators and the other 10 financial partners.

Among them are Mexico-based affiliates of BP, ExxonMobil, Chevron, Petrobras, Total, Eni, Statoil, BHP Billiton and Repsol. Pemex is included.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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