Mexico announces 30 blocks covered in next deep-water auction

Mexico announces 30 blocks covered in next deep-water auction

Mexico has announced the areas covered by its next deep-water oil and gas auction, the date of which was moved back by a month, as previously reported.

National oil regulator Comision Nacional de Hidrocarburos (CNH) says the auction will comprise 30 blocks in four areas covering 70,866 sq km in the Gulf of Mexico – 10 blocks in the Cordilleras Mexicanas deep-water basin, 10 in the Salina Basin, nine in the Perdido Fold Belt and one in the Yucatan platform.

The deadline for tenders is scheduled now for January 31, 2018, as opposed to December this year. CNH moved it back in the aftermath of recent announcements of big discoveries in the Gulf of Mexico.

Mexico has been liberalizing its energy sector since a 2013 decision to loosen state oil firm Pemex’s monopoly grip and invite private and foreign companies to participate.

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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