Mexico to open bids for deepwater acreage next week

Mexico will next week hold the opening of bids for awarding its deepwater oil and gas exploration acreage as part of the of the Fourth Tender of Round 2.

The event, scheduled for Wednesday, January 31, 2018, involves the tender of 29 offshore contractual areas, tendered as license contracts. The areas are located within the oil provinces of Perdido, Mexican Cordilleras and the Salina Basin.

The national oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) on Thursday released a list of the companies that have qualified for bidding in the round.

Nine companies will bid individually. Also, seventeen consortia will take part in the round. In Total, 26 bidders from 16 countries will take part.

Individual bidders will be BHP Billiton, CNOOC, ExxonMobil, Noble Energy, Pemex, Petronas, Shell, Statoil, and Total. Also, nineteen companies will take part grouped as 17 consortia.

The CNH will live stream the event.

Mexico’s deepwater reserves have yet to be uncovered, as the country’s energy sector had been under a Pemex-run monopoly for decades, and Pemex did not have the technology to tap the deepwater fields.

An energy reform was introduced in 2013, ending the decades long monopoly, opening the country’s energy the sector for private investment and competition. According to a recent report by Subsea UK, since the introduction of the reform, over 60 new national and international companies were awarded contracts for E&P in the Gulf of Mexico.

Back in 2014, BBVA said the reform could increase Mexico’s foreign direct investment inflows by $20bn to $30bn per year (1.5% to 2.3% of GDP).

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on January 26, 2018 with tags .

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply