AmericasOffshore

Mexico’s regulator extends deadline for comment on Trion Field JV

Mexico’s oil industry regulator the Comision Nacional de Hidrocarburos (CNH) has extended by a week the time in which prospective bidders can register comments and queries about an offshore joint venture (JV) in the Gulf of Mexico, according to Reuters.

The Trion Field is the country’s first deep-water JV and only last week state oil firm Pemex agreed to cut its planned stake in the project from 45% to 40% in order to placate concerns from potential partners.

With the extension, comments and questions can now be submitted up to October 10. The deadline date for when bids will be revealed and a winner announced remains December 5.

The Trion light oil field is in the Perdido Fold Belt just below the maritime border with the US.

Joint ventures such as this are more common thanks to the government’s three-year-old energy sector reform programme, aimed at loosening Pemex’s monopoly on domestic production.

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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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