Next offshore bidding round in Mexico sees 25 firms sign up

Next offshore bidding round in Mexico sees 25 firms sign up

A total of 25 companies have requested to sign up for round 2.4 of bidding for deep-water oil and gas rights in Mexican waters, says the country’s hydrocarbons industry regulator Comisio Nacional de Hidrocarburos (CNH).

Among the firms putting themselves forward for the 31 January, 2018 auction are several that have participated in previous Mexican rounds, including BHP, Murphy, Repsol, Total and Statoil.

Round 2.4 offers 29 contractual areas with 10 each in the Mexican Cordilleras Basin (offshore Veracruz on the central east coast) and Salina Basin (offshore Veracruz and the southeastern state of Tabasco), plus nine in the Perdido Basin (offshore Tamaulipas state in the northeast). All told, it covers 70,844 square kilometres.

This round, the fourth invitation of the second-round bid process, also includes a farm-out by state oil firm Pemex for the Maximino-Nobilis deep-water block, which sits in 3,000-metres depth of water in the Perdido Fold Basin and which is very resource-rich.

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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